Web of Australian Adani solar companies leads to offshore tax havens

Three companies are ultimately owned in the Cayman and British Virgin islands, raising questions about the tax implications of profits generated by solar assets

Adani has spread its use of offshore tax havens to its Australian solar projects, providing another avenue that could allow the wealthy Indian family behind the transnational to legally minimise tax paid on income from local operations.

Six companies linked to Adani's renewables business, which chairman Gautam Adani wants to make the biggest in Australia by 2022, were registered with the Australian Securities and Investments Commission on 3 August.