Good Wednesday morning. Breaking: The O.E.C.D. proposed new corporate tax rules this morning that would make it harder for multinationals to minimize their tax bills by shifting profits to different regions. (Was this email forwarded to you? Sign up here .) N.B.A. isn’t alone in struggling to deal with China Western companies across multiple industries have found it increasingly difficult to navigate Chinese markets as the Asian nation becomes more politicized — and punitive. Controversies that other businesses have faced this year: • Leica, the German camera company, created a stir with a promotional video featuring the “Tank Man” from the Tiananmen Square pro-democracy movement. (The company says it didn’t commission the film.) • Coach, Givenchy and Versace apologized to China for producing T-shirts that apparently identified Hong Kong as an independent country. • Tiffany & Company drew fire for an ad showing a model holding her hand over her right eye, which some in China saw as a reference to a Hong Kong protester who had been shot in the eye. • And just yesterday, Activision Blizzard suspended a Hong Kong player and rescinded his prize money after he called for the liberation of the city in a post-match… Read full this story
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