XFX China in Trouble, $3M+ in GPUs Seized

XFX China in Trouble, $3M+ in GPUs Seized - Printable Version

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XFX China in Trouble, $3M+ in GPUs Seized - Dismas - 03-14-2022

XFX, which is known for selling GPUs in eastern countries is under investigation for tax evasion. Shipments were seized containing over $3 million in GPUs. Values for the GPUs were understated.

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Quote:It looks like the graphics card maker, XFX, has come under serious trouble with Chinese customs authorities for tax evasion, reports MyDrivers.

XFX China In Trouble As Customs Authority Seize Over 5000 Graphics Cards Worth Over 3 Million USD For Being Mislabeled

The report states that graphics card maker, XFX, who has its main HQ in the US but also operates through a sub-division based in various regions, including China, has come under serious trouble with the customs authority of China. It is said that the graphics card maker illegally mislabeled the specifications and names of their graphics cards, a tactic that can be used to evade taxes & lower the cost of their products that can than be sold to customers for increased profits.