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Nintendo Sues U.S. Government for Tariff Refunds
- loeg 7mo agoWhy is this in particular more notable than the other thousands of companies suing for tariff relief? (In particular, V.O.S. Selections.)
- TimorousBestie 7mo agoNintendo is famously litigious and has the legal war chest to sustain a court battle with usgov.
- lemoncookiechip 7mo agoIt's not, but more people know what a Nintendo is by name recognition.
- jasoneckert 7mo agoCertain 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.
- RyJones 7mo agowhen I worked there, I described it as a navy of lawyers with a dinghy of engineers.
- rectang 7mo agoHmm, I would have thought of Oracle first. (EDIT: I just mean as a litigious company, well-known for its legal team.)
- dafelst 7mo agoTrump is too useful to Ellison right now, he isn't going to derail that gravy train over a few tens of millions of dollars.
- mschuster91 7mo agoNintendo has big fucking money. And it‘s a household name. Say, they get pissed off too much… they could run campaigns just days before the election if they wanted.
- happytoexplain 7mo agoI've never heard of V.O.S. Selections.
- loeg 7mo agohttps://www.scotusblog.com/cases/case-files/trump-v-v-o-s-selections/ https://www.scotusblog.com/cases/case-files/trump-v-v-o-s-se...
- happytoexplain 7mo agoThanks, but I was answering your question by anecdote, not asking for clarification. To be clear: I'm implying an opinion that Nintendo has more name recognition than V.O.S. Selections, not that their suit is otherwise more significant.
- joe_mamba 7mo agoSo if they win, the US taxpayer will pay for it?
- tantalic 7mo agoIf 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.")
- johnnyanmac 7mo agoThe 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.
- hermanzegerman 7mo agoIt's completely irrelevant if the consumer won in any of this. It's about if the United States is a country that respects the rule of law, or some failed 3rd world state, where the law is only respected if the dear leader likes it. The first one is much better for economic development
- johnnyanmac 7mo agoIn the lawsuit, no. But this will only further build up the low trust society when it feels like consumers only lose and never gains any of society's benefits.
- hermanzegerman 7mo agoWell, their fault for voting Trump. Play stupid games, win stupid prizes
- rectang 7mo agoThis court filing document appears to have been posted on Scribd to serve as a reference for an article by Nicole Carpenter on Aftermath which provides context for Nintendo's case: https://aftermath.site/nintendo-tariffs-sue/ https://aftermath.site/nintendo-tariffs-sue/
- DDayMace 7mo agoWow a Nintendo lawsuit that doesn't bother me ;-)
- datahack 7mo agoThat’s the kind of righteous sarcasm you can build a community on. Take my upvote.
- decremental 7mo ago[dead]
- grg0 7mo agoHere we go!
- barbazoo 7mo agoI'm assuming the importer which paid the tariff would be the one trying to get the money back, is that the case here for Nintendo are they the importer here?
- akudha 7mo agoCan 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?
- DSMan195276 7mo agoIn this case because Nintendo has an American branch (Nintendo of America) that imports their goods, Nintendo of America is who paid the tariffs and would get a refund. Consumers only paid indirectly via potential price increases, so no they don't get any potential money back.
- fortyseven 7mo agoAnd what are the odds those prices are going to come back down? Heh.
- bena 7mo agoYou'd have receipts. Every shipment from overseas would essentially have a line item for tariffs due. Just add them up.
- bluGill 7mo agoAny large company puts all their records in an accounting system so they can figure this out. It make take some time to run the right query, but they have the records. Of course this assumes they put the full breakdown in the system, if it is just the total cost of goods including shipping as a single line item they can't do this - but commonly they will have the break down in some system. (at the very least the shippers/importer will - and they have incentive to run this for you and give you the results - it is fairly cheap and generates goodwill)
- mothballed 7mo agoThe smartest comment I've seen was a proposal to use a negative tariff until the refunds are offset. At least in that case there is some bit of chance that the consumer gets their money back since the supply curve should shift up lowering apparent prices until the negative tax fades off. I'm sure many will point out all the flaws with that and the fact some of it will be captured as profit anyway, but it seems better than dumping 100% of it to profit which is what happens if you just refund to the importer of record.
- deleted 7mo ago[deleted]
- ChrisArchitect 7mo agoarticle link: https://aftermath.site/nintendo-tariffs-sue/ https://aftermath.site/nintendo-tariffs-sue/
- computer23 7mo agoPlease stop using Scribd, which paywalls public documents. Here's the Courtlistener docket: https://www.courtlistener.com/docket/72373888/nintendo-of-america-inc-v-united-states-of-america/ https://www.courtlistener.com/docket/72373888/nintendo-of-am...
- gehdhegshb 7mo ago[flagged]
- gehdhegshb 7mo ago[flagged]