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Entry Into Australia

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Amazon’s entry into Australia
Amazon is an e-commerce company which is based in U.S. and it has its headquarters in Seattle, Washington, United states with more than 400 stores. Amazon was founded in 1994. Amazon is the world’s largest internet retailer which ships different kinds of product all over the world and has separate websites for each country so that people can order goods over the internet by sitting in their home country (Smith, 2017). In 2015 Amazon has been ranked as the fourth most valuable public company in the world. There are very few companies which have made as much of a mark as Amazon on the digital world as Amazon and their online presence has expanded into cloud computing, film streaming, e- readers and a whole host …show more content…

In an interview the chairman of Harvey Norman Mr. Gerry Harvey, who is known as the ‘Retail King’ of Australia stated that this U.S. giant retail business is a ‘curse’ and full of ‘plunderers’ and he also brings the point that if amazon.com take the whole Australian market under them then it will result in Australia being a poor country and it will not deliver benefits to the Australia in the long term. This is the main reason that everyone in this world thinks that Amazon is the world’s greatest tax evader and which is why many people demand Federal Government to block the entry of Amazon in Australia as there is no physical presence of Amazon in Australia it will only supply its goods to customers which are why they don’t pay any taxes (Sexton,2017). There is one more issue that is related to Amazon which has been raised by Professor Gary Mortimer, a retail expert at Queensland University of Technology and in his statement it has been described that Amazon will have to struggle when it will hit the Australian market because in the year 2016 Australian shoppers only spent $22 billion dollars on online shopping which is very low as compared to America and UK where Amazon has captured their whole market.

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