More than three years after Adani started extracting coal from its Queensland mine, the Indian conglomerate has paid zero corporate tax from its Australian project and tax experts say it may “never pay a cent”.
Adani pledged just over a decade ago to plough $22bn in taxes and royalties into the Australian economy. Industry groups supporting the coal company had also claimed Adani’s controversial plans would fund schools, hospitals and other infrastructure for “almost a century”.
Adani’s most recent accounts for the Carmichael coal operations, for the year ended 31 March 2025, recorded $1.27bn in revenue. This gets dialled down to a $461.7m loss after various expenses, resulting in no tax payable.
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