Amazon is the ‘worst possible corporate citizen,’ says Harvey Norman chairman – CNBC
Harvey also took aim at Amazon’s track record when it came to taxes, saying that the online retailer was not pulling its weight.
“Amazon’s got a 23-year history of not paying taxes, evading taxes and sending people broke,” Harvey said, “Amazon is worth $500 billion and they’ve virtually made no profit or paid (any) taxes in 23 years. Now they’ll stand up and say, yes we’ve paid a little bit here and there, but nothing in comparison to the joint that they are.”
This is not the first time the tech company has come under fire for issues related to corporate taxes. Amazon’s tax policies were previously scrutinized by lawmakers over a tax deal in Luxembourg.
Ultimately, Harvey acknowledged that there was little traditional retailers could do to prevent Amazon’s from disrupting the Australian retail scene.
“I can’t stop them … And there’s a lot of people out there who say, we want want Amazon here because we’ll buy things cheaper. But if Amazon had their way, they’re going to put as many retailers out of business as possible, not contribute to the economy and so it’s a short-term gain for some people (but) long-term pain for everyone,” Harvey said.
“How are they going to be any good to Australia? They’ve been no good to America. Nothing’s going to change,” Harvey added.