Jeff Bezos is, by any measure, a brilliant entrepreneur whose operational discipline and customer obsession have reshaped global commerce. But the infrastructure beneath Amazon’s rise was not built solely on innovation. It was built, in large part, on a series of deliberate financial maneuvers that shaped Bezos’ competitive advantage. The story of Amazon is inseparable from the story of how the United States structures — and fails to structure — the taxation of commerce and capital.
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