Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Nintendo Sues U.S. Government for Tariff Refunds

scribd.com

Post reply on HN
Print view View original

11–20 of 55 posts

Re: Nintendo Sues U.S. Government for Tariff Refunds

#11

Post by rectang »

jasoneckert wrote: post #4
loeg wrote: post #2

Why is this in particular more notable than the other thousands of companies suing for tariff relief? (In particular, V.O.S. Selections.)

Certain companies are well-known for their legal teams. Qualcomm is one (often described as a legal company that employs some engineers). Nintendo is the other. As a result, Nintendo's legal team is far more likely to ensure they get refunded, and quickly. They could provide a template for others to follow.

Hmm, I would have thought of Oracle first.

(EDIT: I just mean as a litigious company, well-known for its legal team.)

Re: Nintendo Sues U.S. Government for Tariff Refunds

#16

Post by theultdev »

tapoxi wrote: post #15
joe_mamba wrote: post #6

So if they win, the US taxpayer will pay for it?

The administration already lost and the tariffs were found to be illegal, this is Nintendo wanting their money back. Taxpayers already paid for it, companies raised their prices to compensate.

Not really. The scope of the judgement was universal tariffs weren't allowed for that specific invocation of IEEPA 50 U.S.C. §§ 1701

The Trump administration immediately invoked Section 122 for a 10% duty on nonexempt imports and announced expanded Section 232 and 301 investigations.

Re: Nintendo Sues U.S. Government for Tariff Refunds

#17

Post by akudha »

Can someone ELI5 how this would work? Is it possible to accurately calculate the amount, with the tariff percentages changing on a weekly basis? If companies do get refunds, do they just keep it? After all, it was the end user who paid/pays, isn’t it?

Also, do/will these companies drop prices if/when tariffs are reversed?

Re: Nintendo Sues U.S. Government for Tariff Refunds

#18

Post by mothballed »

tapoxi wrote: post #15
joe_mamba wrote: post #6

So if they win, the US taxpayer will pay for it?

The administration already lost and the tariffs were found to be illegal, this is Nintendo wanting their money back. Taxpayers already paid for it, companies raised their prices to compensate.

Yes but the sleight of hand here is to just simply say "taxpayer."

The taxpayer that paid the tariff was the consumer. The fact Nintendo actually wrote the check is largely accounting, this was passed on to the consumer.

The taxpayer that receives the refund is Nintendo, straight into their profits.

So the taxpayer paying and the taxpayer receiving are totally different. This is basically like regressive welfare where consumer paid a private but government imposed tax to corporations.

Re: Nintendo Sues U.S. Government for Tariff Refunds

#20

Post by johnnyanmac »

tantalic wrote: post #10
joe_mamba wrote: post #6

So if they win, the US taxpayer will pay for it?

If they win, the US government collected taxes they shouldn't and those would be returned. Saying the "US taxpayer will pay for it" is equivalent to saying the US taxpayer pays for your tax refund. (And also, Nintendo is a "US taxpayer.")

The consumer did pay for it (not "taxpayers", per se) . Tarriffs went up, prices surged, and consumers paid that. Now companies get a refund and probably won't lower prices unless they feel there was extremely adverse effects.

I don't see how the consumer won in any of this.

Post reply on HN