In a highly unusual arrangement with President Trump, the companies are expected to kick 15 percent of what they make in China to the U.S. government.
In a highly unusual arrangement with President Trump, the companies are expected to kick 15 percent of what they make in China to the U.S. government.
But taxes don’t come out of the blue, there’s a tax code. This sounds like someone in the Trump admin just negotiated a quid pro quo agreement.
Same thing happens in poorer countries - you pay a government representative in order to move your goods.
It’s a bribe and the cost of doing business there.