Anadvertising blitzclaims mining taxes help pay for our essential services but it appears we taxpayers are paying millions of dollars to help coal minerAdanimake profits.
Former Queensland TreasurerCameron Dick, who was at the heart of negotiations with Adani, revealed in Parliament that theCrisafulliGovernment has provided afinancial windfall of at least$500 millionto Adani.
This contrasts with aMinerals Council of Australiaadvertisingcampaignclaiming that Australian mining pays enough tax to fund Medicare.
But wait, there's more or less in this case, when it comes to Adani paying company taxes.
The $500 million Dick refers to is money that should be flowing to us in royalties, which are payments for digging up and exporting coal from itsCarmichael Minein Queensland. The company should also be paying corporate taxes.
Adani, Trump and the undoing of global anti-corruption normsTrump's suspension ofthe Foreign Corrupt Practices Act has signalled to business elites that compliancewith anti-corruption laws is optional for the well-connected.
In the last financial year, the company's income was$1.27 billionthat's $1,274,681,000 in figures. It paid company tax of $0. That's zero. Nothing. Nil. Nought.
And despite increased profitability and increased output, the company says its losses were worse than the previous year.
The failure to pay company tax is because the Queensland Adani company owes billions of dollars to the Adani group in India andsends its Australian profitsto the group as debt payments.
In India, Adani paid 74,945 crore in taxes nearly 12 billion Australian dollars.
The public knows this becauseGautam Adani, the founder of the company, hassaid:
And:
Independent Australia askedAdani, which trades in Australia asBravus, if the executive director of Adani Australia and CEO of Bravus subscribe to Gautam Adani's philosophy about being transparent about taxation matters and sharing such reports with the public.
Damning report exposes Adani's corporate consA report condemning the Adani Group's history of alleged fraud, bullying and criminal acts has the potential to destroy what's left of the company's reputation.
We received no reply.
And when IA asked Adani to provide details of its profits andtax situationin Australia, it refused, saying:
But an internet search forBravus financial reportsfailed to find any freely available taxation records.
The Minerals Council of Australia campaignsays:
It is an echo of a March 2025 claim by the Adani company North Queensland Export Terminal (NQXT), about aneconomic impact studyby North Queensland Bulk Ports,whichhighlighted the multi-billion-dollar contribution the North Queensland Export Terminal...
Adani's promise of jobs doesn't add upDespite being subsidised by the Queensland Government, it appears the Adani mine in central Queensland could be employing as few as 300 production staff.
NQXTsaid the study was:
NQXT was enthusiastic in boasting about billions of dollars being paid in taxes and royalties, but Adani refused to answer how much NQXT had contributed to those vital services. It would seem it was the users of the terminal, not Adani, who contributed the taxes and royalties.
Since then, an Adani company in India, Adani Ports and Special Economic Zone Limited (APSEZ), hasacquired NQXT. The APSEZ transparent tax reports in India reveal taxation being paid to the Indian Exchequer by its Overseas Business Operations.
Page 47 of theAPSEZ 2023-24 reportsays taxes from its Australian business operations amounted to 2,296 million rupees. That's about $42 million.
Page 326 of the2024-25 APSEZ reportreveals taxation from its Australian operations to the Indian Exchequer to have been 252 croresabout $40 million.
IA drew Adani's attention to these reports and asked for the total amount paid to the Indian Exchequer. We have not received a reply.
Using the APSEZ figures, the Indian Government benefits from Adani operations in Queensland, while Australian education and health services, which should be benefiting from Adani/Bravus company taxes and royalties, are being short-changed.
Does Adani intend to introduce tax transparency reports in Australia?
The company failed to reply.
Steve Bishopis a journalist and author. You can read more fromSteveatstevebishop.net.
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