Amazon.co.uk, Britain’s biggest online retailer, generated sales of more than £3.3bn in the country last year but paid no corporation tax on any of the profits from that income — and is under investigation by the UK tax authorities.

Regulatory filings by parent company Amazon.com with the US securities and exchange commission (SEC) show the tax inquiry into the UK operation, which sells nearly one in four books sold in Britain, focuses on a period when ownership of the British business was transferred to a Luxembourg company.

The SEC filings, highlighted by Bookseller magazine, show that in the past three years, Amazon has generated sales of more than £7.6bn in the UK without attracting any corporation tax on the profits from those sales — via redwolf.newsvine.com

Yahoo has said that it is laying off about 2,000 employees as it struggles to regain its web crown.

The firm said those at risk would be told of their job elimination or phased transition as part of its restructuring, which will save the company $375m every year.

Today’s actions are an important next step toward a bold, new Yahoo! — smaller, nimbler, more profitable and better equipped to innovate as fast as our customers and our industry require, CEO Scott Thompson said in a canned statement — via redwolf.newsvine.com

Google is responsible for misleading and deceptive ads that use the name of a company to direct traffic to a competitor’s site, an Australian court ruled on Tuesday.The Federal Court of Australia ruled in an appeal that Google is responsible for misleading and deceptive advertising targeted to appear near search results for a competitor’s name. The Australian Competition and Consumer Commission (ACCC) brought the case to court over four instances of misleading ads. In an earlier ruling a primary judge had ruled in favour of Google.In the four cases, searches for a company’s name brought up sponsored links containing that name — but the links led to the websites of competitors that had paid for the ads — via redwolf.newsvine.com

The Australian Communications and Media Authority has given a formal warning to Melbourne-based company, Ezystays Pty Ltd, following an investigation that found it breached the Spam Act by sending marketing emails without consent of the recipients.

Ezystays is an Australian company that provides travel related products and services. The ACMA received complaints alleging Ezystays had sent marketing messages by email without the recipient’s consent. Ezystays claimed it was able to send the emails because the recipients’ email addresses appeared on a purchased marketing list. The investigation concluded that the fact an email address appeared on a marketing list did not mean that Ezystays had consent from the recipients to send them marketing messages — via redwolf.newsvine.com

Global Payments, the credit and debit card processor that disclosed a breach of its systems late Friday, said in a statement Sunday that the incident involved at least 1.5 million accounts. The news comes hours ahead of a planned conference call with investors, and after Visa said it had pulled its seal of approval for the company.

In a press release issued 9.30pm ET Sunday, Atlanta based Global Payments Inc. said it believes the affected portion of its processing system is confined to North America and less than 1,500,000 card numbers may have been exported…Based on the forensic analysis to date, network monitoring and additional security measures, the company believes that this incident is contained.

It remains unclear whether there are additional accounts beyond these 1.5 million that were exposed by the breach; the company’s statement seems to be focusing on the number of cards it can confirm that thieves offloaded from its systems — via redwolf.newsvine.com