2w ago

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

8 comments

Is it just not possible to hold these companies accountable for anything?
- It's possible, but you need politicians who aren't in their pockets. In other words, get pitchforkin'.
Absolute shocker. This has never happened before and is completely unexpected!
Capitalism never works.
- 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.
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.
“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”

8 comments