Adani's Queensland Coalmine Generates $1 Billion Revenue Without Paying Company Tax
Indian conglomerate Adani has reported nearly $1 billion in revenue from its coal mining operations in Queensland, Australia, yet it has not paid any company tax. The Carmichael thermal coal operations, which began in 2021, have consistently used large costs, including production and logistics expenses, to offset their revenue, resulting in a $340.6 million loss for the year. This financial structuring has allowed Adani to avoid corporate tax, despite previous promises that the project would contribute significantly to the economy through taxes and royalties. The company did pay $58 million in royalties to the government and $33.1 million to a related party. The project, located in the Galilee Basin, has been controversial due to environmental concerns and its approval was heavily contested. 
