Paris: Jeff Bezos’s relentless focus on user experience has helped him make Amazon the most valuable e-commerce company in the world. European competition regulators are investigating whether the company received illegal state aid from Luxembourg that would require repayment of back taxes. Critics, however, are asking why Amazon and other companies are allowed to assign a market value to their own assets for tax purposes. Amazon defends its tax payments in Europe, asserting that regulators there are mistaking high revenue for high taxable profits. Amazon countered with its own experts who said that the IP was perishable given the high failure rate of tech companies.

Source: Mint August 22, 2016 17:15 UTC