▲ 404 ▼ Nintendo ‘warned to expect 145% tariff on Nintendo Switch 2’ (www.videogameschronicle.com) submitted 1 year ago by inclementimmigrant@lemmy.world to c/games@lemmy.world 82 comments fedilink hide all child comments
[–] NarrativeBear@lemmy.world 5 points 1 year ago (3 children) Its insane that a tax is also charged on top of the already applied tariff. permalink fedilink source parent hideshow 6 child comments replies: [–] Paradachshund@lemmy.today 14 points 1 year ago Don't forget to tip the self checkout. permalink fedilink source parent [–] echodot@feddit.uk 2 points 1 year ago (1 child) Technically it isn't. The company has a price for the product, importers import the product at that price (sometimes the importer will also be the manufacturer, but that doesn't actually make a difference as far as the calculation is concerned), then some official shows up and demands an import tariff, the important pays the tariff. The shelf price is calculated as the total cost to the importer + a profit margin + sales tax. The tariff just gets lumped into the cost for the importer. Sales tax doesn't make a distinction about how the price is arrived at. permalink fedilink source parent hideshow 2 child comments replies: [–] NarrativeBear@lemmy.world 5 points 1 year ago Yes, technically correct and I am not disputing your points. But, we all know the cost of the tariff the local importer will need to pay the local government will be passed on to local consumers. My distinction and argument is if the government said "we will increase taxes on all products at your local grocery store by 145℅" people would flip. But when the wording become we will tariff "other countries" people forget who actually pays that tariff. permalink fedilink source parent [+] mostNONheinous@lemmy.world 1 point 1 year ago [deleted] permalink fedilink source parent
[–] Paradachshund@lemmy.today 14 points 1 year ago Don't forget to tip the self checkout. permalink fedilink source parent
[–] echodot@feddit.uk 2 points 1 year ago (1 child) Technically it isn't. The company has a price for the product, importers import the product at that price (sometimes the importer will also be the manufacturer, but that doesn't actually make a difference as far as the calculation is concerned), then some official shows up and demands an import tariff, the important pays the tariff. The shelf price is calculated as the total cost to the importer + a profit margin + sales tax. The tariff just gets lumped into the cost for the importer. Sales tax doesn't make a distinction about how the price is arrived at. permalink fedilink source parent hideshow 2 child comments replies: [–] NarrativeBear@lemmy.world 5 points 1 year ago Yes, technically correct and I am not disputing your points. But, we all know the cost of the tariff the local importer will need to pay the local government will be passed on to local consumers. My distinction and argument is if the government said "we will increase taxes on all products at your local grocery store by 145℅" people would flip. But when the wording become we will tariff "other countries" people forget who actually pays that tariff. permalink fedilink source parent
[–] NarrativeBear@lemmy.world 5 points 1 year ago Yes, technically correct and I am not disputing your points. But, we all know the cost of the tariff the local importer will need to pay the local government will be passed on to local consumers. My distinction and argument is if the government said "we will increase taxes on all products at your local grocery store by 145℅" people would flip. But when the wording become we will tariff "other countries" people forget who actually pays that tariff. permalink fedilink source parent