4 ms·
Nvidia and AMD to pay 15% of their China sales revenue to the US govt
- kyboren 1y agoI am not a lawyer but isn't this expressly forbidden by the Constitution in Article I, Section 9, Clause 5? > No Tax or Duty shall be laid on Articles exported from any State.
- Doxin 1y agoLast I checked China is not a US state.
- tencentshill 1y agoIt's a revenue tax on items exported from Taiwan to China by a US company. I don't think it counts as a US export at that point. Ignoring that it's illegal for the president to impose taxes at all.
- Lu2025 1y agoSounds like a kickback