Adani paid a total of $0 in tax

Image from i.redditmedia.com and submitted by twigboy
image showing Adani paid a total of $0 in tax

FracturedAss on October 6th, 2017 at 03:54 UTC »

There's protests tomorrow against Adani in major cities

rezplzk on October 6th, 2017 at 04:23 UTC »

They obviously made a tax loss - as their taxable income is zero.

Not defending them - it's the tax system that should be scrutinised however.

macadamiaicecream on October 6th, 2017 at 04:33 UTC »

So to summarise:

Adani has paid $0 tax to the Australian Government

They are seeking a $1 billion dollar federal government loan for their railway

They couldn't get the project off the ground without a royalty holiday from the Queensland Government

They have the rate payers of Rockhampton coughing up $15.5 million to build their airport

They have their lapdog Senator Canavan calling for boycotts on banks who won't invest with them

How do Adani have our government so blinded when the economic benefits of this project amount to a 1000 or so jobs for Queenslanders (and that's trusting they are still not overstating the amount), and ramifications for the environment and other industries such as tourism and agriculture are so much more costly?