Nike says subsequent to nov. 30, 2019, tax laws in one of co's foreign jurisdictions changed - sec filing

Nike says subsequent to nov. 30, 2019, tax laws in one of co’s foreign jurisdictions changed - sec filing.nike - due to change in law, undistributed earnings in that foreign jurisdiction could be subject to withholding tax upon distribution.nike - co reviewing application of change; may reevaluate assertion with respect to undistributed foreign earnings.nike - cannot estimate impact of change in law to consolidated financial statements at this time.
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