New Delhi [India], Feb 10 (ANI): The International Cricket Council (ICC) has started looking for alternatives venues for the two prestigious events-2021 Champions Trophy and the 2023 World Cup- which are scheduled to be held in India, due to an ongoing tax issue.
It is learned that the governing bodies get tax exemptions from the host government for every major sporting tournament, but the ICC hasn't got any dispensation from the Indian government so far.
"The 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," ESPNcricinfo quoted ICC as saying.
According to ESPNcricinfo, ICC will suffer about 100-125 million USD loss if the Indian government fails to provide tax relief for two of the biggest global tournaments.
ICC stated, "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." (ANI)