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Adani to pay no company tax despite $1bn revenue from Queensland coalmine
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Adani to pay no company tax despite $1bn revenue from Queensland coalmine

By Jonathan Barrett Business editorAugust 1, 2026·Source: The Guardian·8 views

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Indian conglomerate offsets earnings from Carmichael mine to report $340.6m loss, after promising billions in taxes and royaltiesGet our breaking news email, free app or daily news podcastIndian conglomerate Adani will pay no company tax despite generating almost $1bn in revenue from coal mining in Queensland over the past year.Financial accounts show the Carmichael thermal coal operations used large costs – including production and related party logistics expenses – to offset its $963.5m revenue in the 12 months to 31 March. This resulted in a recorded $340.6m loss for the year, erasing its tax bill.

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Originally reported by The Guardian. Read the original article

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