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”.
Guardian Australia analysis also found that the Abbot Point port, operated by an Adani entity under a 99-year lease signed in 2011, rarely pays tax. Over a 10-year period, it paid company tax on port income on just one occasion, of less than $4m.
“My judgment on this is that this company is absolutely set up to never make taxable profit. The related-party transactions are so big and wild and all over the map that this company will never make a profit on paper and will never pay a cent of tax.”
So the government is taking kickbacks under the table to give OUR resources away for free again. I wonder how many politicians will get “consulting” “jobs” at adani after they finish their term in office? And how much WE TAXPAYERS will pay to clean up after they destroy the land?
Shame on Anna Palaszczuk’s Labor government for approving Adani. The promised benefits were a pack of lies.