Adani to pay no company tax despite $1bn revenue from Queensland coalmine
Adani's Carmichael coal mine in Queensland reported $1 billion in revenue but paid no corporate tax due to significant operational costs and internal accounting. Critics argue this highlights the need for stricter tax regulations on foreign mining entities in Australia.
Why it matters
The case fuels ongoing debates regarding corporate tax avoidance by multinational mining companies and the economic benefits promised versus delivered to local regions.
Adani will pay no tax this financial year despite generating about $1bn in revenue from coal mining in Queensland. Photograph: Wikimedia Adani will pay no tax this financial year despite generating about $1bn in revenue from coal mining in Queensland. Photograph: Wikimedia Adani Group Adani to pay no company tax despite $1bn revenue from Queensland coalmine Indian conglomerate offsets earnings from Carmichael mine to report $340.6m loss, after promising billions in taxes and royalties
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Prefer the Guardian on Google Indian conglomerate Adani will pay no company tax despite generating almost $1bn in revenue from coal mining in Queensland over the past year.
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