{
  "id": 18013,
  "title": "Adani to pay no company tax despite $1bn revenue from Queensland coalmine",
  "url": "https://urgent.news/2026/08/01/adani-to-pay-no-company-tax-despite-1bn-revenue-from-queensland",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-01T00:00:37.000Z",
  "source": {
    "name": "The Guardian",
    "slug": "the-guardian",
    "url": "https://www.theguardian.com/business/2026/aug/01/adani-to-pay-no-company-tax-despite-1bn-revenue-from-queensland-coalmine"
  },
  "original_language": "en",
  "account": "Indian conglomerate Adani has announced it will not pay any company tax, despite generating nearly $1 billion in revenue from its coal mining operations in Queensland. Financial figures reveal that the Carmichael thermal coal business incurred substantial costs, such as production expenses and logistics related to related parties, which offset its $963.5 million in revenue during the 12 months ending March 31. Consequently, the company recorded a loss of $340.6 million for the year, eliminating its tax obligation.",
  "summary": "Indian conglomerate offsets earnings from Carmichael mine to report $340.6m loss, after promising billions in taxes and royalties Get our breaking news email , free app or daily news podcast Indian conglomerate Adani will pay no company tax despite generating almost $1bn in revenue from coal mining in Queensland over the past year. Financial accounts show the Carmichael thermal coal operations…",
  "key_points": [
    "Adani generated $963.5 million in revenue from Queensland coalmine.",
    "$340.6 million loss incurred, eliminating tax obligation.",
    "Carmichael thermal coal business faced production and logistics costs."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}