One address, 75 firms, no employees: Inside India’s domestic tax havens
09 Jan 2017

Paan-stained and fraying, the basement cubbyhole is next to an open-air technology hub that is also known as one of the world’s biggest markets for pirated and counterfeit products.

Everything about B-8 too is fake, although it serves as the registered address of at least 75 companies. There are no employees, no assets and, in fact, no real business. It’s just a drop box address – one of 6,460 across Delhi that mask as the headquarters for 41,448 shell companies, official figures accessed by HT shows.

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