India could lose out on hosting the 2021 Champions Trophy if the government doesnt allow tax exemption on the event. The ICC is already exploring alternative host countries in a similar time zone. The International Cricket Council (ICC), after its Board Meeting here yesterday, expressed "concerns" at Indian governments stance of not approving tax exemptions to ICC events.
The world body, however, said it will continue to have dialogue with the Indian government, with the help of the BCCI. "The (ICC) Board expressed their concern around the absence of a tax exemption from the Indian Government for ICC events held in India despite ongoing efforts from both the ICC and BCCI to secure the exemption which is standard practice for major sporting events around the world," the ICC said in a statement.
"The Board agreed that ICC management, supported by the BCCI will continue the dialogue with the Indian Government but in the meantime directed ICC management to explore alternative host countries in a similar time zone for the ICC Champions Trophy 2021," it added. The BCCI, in its Special General Body Meeting in December last, had announced that the country will host the 2021 Champions Trophy as well as the 2023 World Cup.
According to reports, the ICC is fearing a revenue loss of at least USD 100 million if tax exemption is not granted for the mega tournament. The Indian government did not provide tax exemption for the 2016 World T20. Also during yesterdays meeting, the first of 2018, the ICC Board agreed a revised financial model incorporating increased allocations for Ireland and Afghanistan as the newest Full Members of the ICC. PTI
