Key facts
- Adani's Carmichael coal operation in Queensland generated $963.5 million in revenue.
- The company will pay no corporate tax on this revenue.
- Significant costs and a recorded loss contributed to the lack of tax payment.
- The Carmichael mine has not paid corporate tax since opening in 2021.
Adani's Carmichael coal operation in Queensland generated $963.5 million in revenue over the past year. Despite this substantial revenue, the company will pay no corporate tax. This outcome is attributed to significant costs associated with the project and a recorded loss. The Carmichael mine has not paid corporate tax since it commenced operations in 2021. The revenue figure represents the earnings from the Queensland coalmine over the last fiscal year. The company's financial performance in this period resulted in a loss, which, combined with deductible costs, led to a zero corporate tax liability. This situation highlights the financial structure of large-scale resource projects and their tax implications in Australia.