Mega-tax milestone?

Vodafone Group Plc, the world’s largest mobile phone services firm, bought 67% of Hutchison Essar Ltd in February 2007 for $ 11.1 billion from the target’s Hong Kong parent Hutchison Telecommunications International Ltd. Hutchison controlled the Indian mobile phone firm through a complex network of firms whose final ownership vested with a Cayman Islands-registered company.

Also See The deal (Graphic)

The shipping-to-telecoms conglomerate, controlled by billionaire Li Ka-Shing, received payment from Vodafone in this firm in Cayman Islands, a tax haven.

Graphics by Ahmed Raza Khan / Mint

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