Home FEATURED NEWS 2023 World Cup may very well be moved out of India: report – International

2023 World Cup may very well be moved out of India: report – International

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The host nation should get the mandatory tax exemptions from its personal authorities — ICC

The ICC ODI World Cup 2023 may very well be moved out of India on account of tax points with the native authorities.

For the ICC ODI World Cup, the International Cricket Council (ICC) has requested that BCCI acquire tax exemptions from the Indian authorities.

The host nation should get the mandatory tax exemptions from its personal authorities, in response to ICC coverage.

However, the BCCI could not get a deal executed with their authorities for the T20 World Cup 2016, which brought on the governing physique to undergo monetary loss.

The T20 World Cup 2016 was held in India, and the Indian Government didn’t grant any tax exemptions to the ICC.

Additionally, the Indian authorities has made no comparable declarations on the upcoming ODI World Cup.

According to experiences, the BCCI has warned the ICC that nothing might be executed about this case and that they’re free to maneuver the match exterior of India in the event that they select to.

The Indian authorities denied the BCCI any tax advantages for the 2016 T20 World Cup. As a results of the ruling, BCCI additionally suffered a lack of Rs. 190 crores (US$22m), which the ICC deducted as a tax surcharge from BCCI’s income share. That lawsuit is still being pursued by BCCI with the ICC tribunal.

Meanwhile, sources from BCCI have instructed News18 that if the ICC doesn’t obtain tax waivers from the Indian authorities, it is going to be deducted from BCCI’s earnings, which can end in a courtroom dispute.

“It’s BCCI’s money. If the ICC can’t settle this issue before the World Cup arrives and end up deducting it from India’s revenue share from the ICC, even this will end up in a legal battle. What will the government tell its tax-paying citizens? That the only sport in this country that earns money will be exempt from taxes? How well will that sit? There’s no way the government will say anything on this,” the sources mentioned.

If the ICC does not obtain the tax exemptions, they are going to solely be left with three options.

Either they need to persuade their members to desert the taxes, or they need to persuade India to desert the match. As they did through the 2016 T20 World Cup, they will additionally let off the tax invoice and deduct the sum from BCCI’s share.

India last hosted the ODI World Cup in 2011 together with Bangladesh and Sri Lanka as co-hosts. However, they’re the one host this time.

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