Despite $22bn promise, Adani has paid zero corporate tax in Australia and experts think it won’t ever pay a cent

Comments

• FireWire400@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  Is it just not possible to hold these companies accountable for anything?

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  • Outwit1294@lemmy.today ⁨3⁩ ⁨weeks⁩ ago

    The problem is not the companies per se. It is the whole system designed by companies and politicians to benefit themselves.

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• SpicyLizards@reddthat.com ⁨3⁩ ⁨weeks⁩ ago

  Absolute shocker. This has never happened before and is completely unexpected!

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• Deceptichum@quokk.au ⁨3⁩ ⁨weeks⁩ ago

  Capitalism never works.

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  • KitKatKitCat@piefed.social ⁨3⁩ ⁨weeks⁩ ago

    I'd argue it's working perfectly within the system that's been designed. It's a completely flawed system, but it works for corporations. Absolutely fucked for society though.

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• Lodespawn@aussie.zone ⁨3⁩ ⁨weeks⁩ ago

  Just make a rule that a company will be taxed on its local revune assuming it made profits equal to it’s most profitable “related party”. Eg, Adani Ireland has 30% profit, then we assume Adani Australia’s revenue includes 30% profit and we tax that.

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• quoll@lemmy.sdf.org ⁨3⁩ ⁨weeks⁩ ago

  Image

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• TheBat@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  He’s Modi’s best friend btw

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• Salvo@aussie.zone ⁨3⁩ ⁨weeks⁩ ago

  “Did you think we were going to pay $22billion in tax?”

  “We paid $22billion to a lobbying firm who bribed the previous government MP with a pittance to pass legislation that is beneficial to us but detrimental to the Australian People and also the Environment.”

  “Also, the lobbying firm is a subsidiary of ours so we can keep the money in the company”

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