# Adani to pay no company tax despite nearly $1bn in Queensland coal revenue

https://mins.news/en/item/11616

- The Guardian, 2026-08-01 00:00 UTC
- Economy
- Original: https://www.theguardian.com/business/2026/aug/01/adani-to-pay-no-company-tax-despite-1bn-revenue-from-queensland-coalmine

> Indian conglomerate Adani generated almost $1bn from its Queensland coal operations over the past year but will pay no company tax. Accounts show the Carmichael thermal coal business offset $963.5m in revenue with substantial production and related-party logistics costs. The company consequently reported a $340.6m loss for the year, wiping out its tax liability. Adani had previously promised to contribute billions through taxes and royalties.