The International Cricket Council (ICC) and the Board of Control for Cricket in India (BCCI) have once again come face to face with the issue of tax. This can have an impact on the T20 World Cup 2021 to be held in India.
The ICC had asked the BCCI to take a tax exemption from the Government of India for the World Cup, but the board failed. For this reason, the ICC has threatened to snatch the hosting of the World Cup.
According to the report of cricket website CricketInfo, in the last two months, there was a lot of talk between the ICC and BCCI through e-mail. It clearly shows that the ICC is not going to accept any value.
756 crores to ICC. Fear of loss of
The ICC wants the BCCI to get tax exemption from its government for the World Cup. If this does not happen, the ICC is likely to lose about $ 100 million (about Rs 756 crore).
This is always the problem with India: ICC
The ICC wrote a letter on 29 April asking the BCCI to reply without any conditions till 18 May 2020. It was said in the letter that after May 18, the hosting of the World Cup can be taken away from India at any time with immediate effect. The ICC has every right to take this decision. He said that there has always been a lot of problem with India on taxes.
BCCI asks for time till June 30
BCCI wrote a letter to the ICC in response, “We are trying our best to get tax exemption from the government, but the current circumstances are not under the control of BCCI.” In such a situation it is becoming difficult to get exemption from the government. “The BCCI has asked the IBC (ICC’s business unit) till June 30. However, the ICC refused to give this addition.
There was controversy in 2016 too
This is not the first time that there has been a dispute between the ICC and BCCI over the issue of tax. Earlier during the 2016 T20 World Cup, the same issue was raised. Then this tournament took place in India only. Even then there was no exemption from the Government of India regarding the tournament. Due to this, the ICC suffered losses ranging from $ 20-30 million (about 150 to 230 crores).
ICC warned in 2018
Taking lessons from 2016, the ICC warned the BCCI in February 2018 itself. He had said that if the BCCI is not yet in place, he can lose the hosting of 2021 T20 World Cup and One Day World Cup in 2023.
According to the contract, India gets two events
Despite this tough stance by the ICC, BCCI officials feel that discussions are on with the board. A BCCI officer said that according to the contract of Star Sports, the ICC has to deliver two events to Hindustan. The officer said that the election for the post of ICC President will also be held next month. The term of the current chairman Shashank Manohar is ending. He has not had a good relationship with the BCCI. Nothing can be said till the election.
ICC earns only from media rights
The ICC sells media rights to the under-19 World Cup in addition to the T20 and ODI of its men and women up to 8 years. This is the main income of the board. He demands tax exemption from the government of all the host countries. But the ICC claims that Hindustan is the only country that does not waive the tactic.