Full Story Why doesn’t Adani pay any corporate tax?
Aug 10, 2025
Jonathan Barrett, a seasoned business editor, dives into the perplexing case of Adani's coal mine in Australia. Despite promises to contribute $22 billion in taxes, Adani hasn't paid a cent in corporate tax. Barrett explains the company's reported paper losses and critiques the tax system that allows such discrepancies. He raises critical questions about corporate accountability, the economic impact of Adani’s operations, and the pressing need for tax reform to ensure fair contributions from multinational companies.
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Broken Promises On Jobs And Taxes
- Adani pledged 10,000 jobs and $22 billion in taxes and royalties when Carmichael was proposed.
- The mine proved highly controversial and delivered far less than those promises.
Paper Losses Mask Corporate Profits
- Adani reported paper losses by loading large related‑party charges and internal loan expenses against mine profits.
- Those accounting losses legally erased corporate tax despite strong revenue.
Hundreds Of Millions Missing Annually
- Early projections estimated roughly $400 million a year in company tax from the mine.
- Instead, Australia has received zero corporate tax during the mine's operation so far.