Adani pays no company tax despite nearly $1bn revenue from Queensland coalmine

Indian conglomerate Adani will pay no company tax in Australia despite its Carmichael thermal coal mine in Queensland generating $963.5m in revenue in the 12 months to 31 March. Large production costs and related-party logistics expenses were used to offset earnings, resulting in a recorded loss of $340.6m. Adani had previously promised the Australian government billions in tax and royalty payments.

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