Amazon founder and world’s richest man, Jeff Bezos, has joined the list of billionaire donors supporting Australians impacted by the catastrophic bushfires.
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Bezos, who is worth an estimated AU$158 billion, on Sunday announced Amazon would donate AU$1 million (US$690,000) in “needed provisions and services”.
“Our hearts go out to all Australians as they cope with these devastating bushfires.”
The donation comes after mining magnate Andrew ‘Twiggy’ Forrest announced a $70 million package, with $10 million to go directly to building a volunteer firefighting force, another $10 million to be spent on communities that need support.
However, Bezos’ donation wasn’t met with complete gratitude.
“Jeff Bezos makes $149,340 a minute. So he is effectively donating 4.6 minutes of money. If he donated what he makes in a day, that would be $215 million, which would still not be enough,” Reina Sultan observed.
Jeff Bezos makes $149,340 a minute. So he is effectively donating 4.6 minutes of money. If he donated what he makes in a day, that would be $215 million, which would still not be enough. https://t.co/dl4R5VjdKB
— Reina Sultan رينا سلطان (@SultanReina) January 12, 2020
“This feels like the equivalent of me donating a $5 dollar bill I found in a pair of jeans,” added Lindsey Wasson.
This feels like the equivalent of me donating a $5 dollar bill I found in a pair of jeans https://t.co/62TKogKmez
— Lindsey Wasson (@lindseywasson) January 12, 2020
“This is the equivalent of a median net worth American donating 63 cents,” Chris Ingraham also commented.
This is the equivalent of a median net worth American donating 63 cents https://t.co/ok9Kd4eCG1
— Christopher Ingraham (@_cingraham) January 12, 2020
Amazon has also paid little tax in Australia since it launched in Australia in 2017.
In 2018, Amazon Corporate Services and Amazon Web Services paid a combined $14 million, after earning $589 million, with its taxable income reduced to $47 million.
Corporate Tax Transparency report 2017-18.
"Corporation tax is based on profits, not revenues, and our profits have remained low given our heavy investment and the fact that retail is a highly competitive, low-margin business," Amazon Australia said in a statement explaining the tax paid.
Last year, Amazon in the US paid zero US federal income tax on profits of more than US$11 billion (AU$16 billion).
The retail giant has come under near-constant pressure due to its tax practices, which see the majority of its global profits counted in Luxembourg under a similar tax structure to those employed by Uber, Google and Facebook.
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