India confident tax issues won’t cost ICC events
KOLKATA: The Indian cricket board (BCCI) on Wednesday ruled out losing the 2021 Champions Trophy and the 2023 World Cup over tax issues, saying they remain confident of getting government exemptions for both the events.
The International Cricket Council (ICC) suffered a revenue shortfall after the Indian government refused to exempt the 2016 World Twenty20 competition held in the country and there has not been any change in that stance, despite BCCI’s dogged persuasion since then.
Fearing a repeat loss, the ICC said in February it was exploring alternative venues for the Champions Trophy while the Indian board would continue negotiations.BCCI acting secretary Amitabh Chaudhary said the board was optimistic of convincing the government.
“The matter is not closed, please understand,” Chaudhary told reporters on the sidelines of the quarterly ICC meetings in Kolkata.“It is still under consideration. As you know, tax matters take long, even assessments take long, very long. Don’t worry.”
According to the ICC, such exemptions are a “standard practice for major sporting events around the world”.Chaudhary said BCCI officials, past and present, recognise that and have been relentlessly persuading it with the government.
He added that the ICC threat to relocate the Champions Trophy might help the board’s efforts in the end.“Sometimes, such things help. Maybe tax authorities will think ‘we’d be responsible if these events are taken away from India’ and grant tax exemption,” Chaudhary said.
He also said the ICC management has decided to study the kind of concession the government in the United Kingdom offers to European soccer’s governing body UEFA for hosting events such as the Champions League final and “see if a parallel can be drawn”.
-
Sweden's Princess Sofia Explains Why She Was Named In Epstein Files -
Activist Shocks Fellow Conservatives: 'Bad Bunny Is Winner' -
Noel Gallagher Challenges Critics Of Award Win To Face Him In Person -
Minnesota Man Charged After $350m IRS Tax Scam Exposed -
Meghan Markle 'terrified' Over Possible UK Return -
Did Opiate Restrictions Lead To Blake Garrett's Death? -
Royal Expert Reflects On Princess Eugenie, Beatrice 'priorities' Amid Strained Relationship With Sarah, Andrew -
Prince William's 'concerning' Statement About Andrew Is Not Enough? -
50 Cent Gets Called Out Over Using Slur For Cardi B -
Scientists Discover Rare Form Of 'magnets' That Might Surprise You -
Nancy Guthrie’s Kidnapper Will Be Caught Soon: Here’s Why -
AI Innovation Could Make Trade Secrets More Valuable Than Patents, Says Billionaire Investor -
King Charles Heckling: Calls For 10 BAFTAs And A Knighthood For Sign Language Interpreter -
Royal Expert On Andrew, Sarah Ferguson’s ‘entitled’ Behaviour Since Marriage -
Kim Kardashian Leaves Meghan Markle 'upset' With Latest 'cheap Shot' -
Instagram And YouTube Accused Of Engineering Addiction In Children’s Brains