Billions in profits, silence on tax: Adani’s Australian enigma

One ad attack claims mining taxes help pay for our basic services but it turns out we taxpayers are paying millions of dollars to help coal miners Adani make a profit.

Former Queensland Treasurer cameron dickwho was at the heart of negotiations with Adani, revealed in Parliament that the Crisafulli The government at least made a financial windfall 500 million dollars To Adani.

This is an oxymoron Minerals Council of Australia advert offer He claims Australian mining pays enough taxes to fund Medicare.

But wait, in this case there is more or less when it comes to Adani paying company taxes.

The $500 million that Dick is talking about is money that should flow to us in royalties, which are payments for mining coal and exporting coal. Carmichael Mine in Queensland. The company also needs to pay corporate tax.

Company’s revenue in the last financial year $1.27 billion – numerically $1,274,681,000. Paid $0 company tax. This is zero. Nothing. None. Nothing.

Despite rising profitability and increased production, the company says its losses are worse than the previous year.

The reason for the non-payment of company tax is that the Queensland Adani company owes billions of dollars to the Adani group in India and Australia repatriates its profits as debt payments to the group.

in indiaAdani paid ₹74,945 crore (about AU$12 billion) in taxes.

Because the public knows this Gautam AdaniFounder of the company in question:

“Transparency is the foundation of trust, and trust is essential for sustainable growth.”

And:

“By voluntarily making these reports public…we aim to set new benchmarks for corporate behavior.”

Independent A.Australia asked Adanidoing business in Australia bravusIf the managing director of Adani Australia and CEO of Bravus agrees with Gautam Adani’s philosophy of being transparent on taxation matters and sharing such reports with the public.

We did not get an answer.

And IA. He asked Adani to provide details of his profits and tax status In Australia he refused, saying:

‘…full details are available in our financial reports.’

However, an internet search shows “Bravus financial reports” could not find any freely available tax records.

Australian Minerals Council campaign says:

‘Mining taxes and royalties help fund schools, education and future careers.’

This is an echo of the Adani company’s North Queensland Export Terminal claim in March 2025 (NQXT), about one economic impact study by North Queensland Bulk Ports, Which ‘Highlighted the multi-billion dollar contribution of the North Queensland Export Terminal…’

NQXT said the study said:

‘…this study is a great demonstration of how the Queensland and Australian governments facilitate billions of dollars in taxes and royalties each year to pay for vital services such as health, education, childcare, aged care and defence.’

NQXT was excited to boast about the “billions of dollars” paid in taxes and royalties, but Adani refused to answer how much NQXT contributed to these “vital services.” It appears that it was terminal users, not Adani, who contributed taxes and royalties.

Since then, Adani Ports and Special Economic Zone Limited, an Adani company in India (APSSEZ), to have acquired NQXT. APSEZ transparent tax reports in India reveal that taxes are paid by “Overseas Business Operations” to the Indian Ministry of Finance.

Page 47 APSEZ 2023-24 report It says taxes from Australian business activities amount to R2,296 million. This means approximately 42 million dollars.

Page 326 2024-25 APSEZ report He announced that the tax from Australian operations to the Indian Exchequer was 252 crore, or approximately $40 million.

IA. Adani pointed out these reports and asked about the total amount paid to the Indian Exchequer. We did not receive an answer.

Using APSEZ figures, the Government of India benefits from Adani’s operations in Queensland, while Australian education and health services, which should benefit from taxes and royalties from Adani/Bravus companies, are being short-changed.

Is Adani considering offering tax transparency reports in Australia?

The company failed to respond.