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India may not host 2021 ICC Champions Trophy due to tax issues

MUMBAI: Unless the Indian government provides a tax exemption, India may not be able to host the 2021 Icc Champions Trophy, and perhaps even the ICC World Cups, in future.

An ICC release on Friday mentioned that the Icc Board “expressed its 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 release further added that “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.”

Meanwhile, the International Cricket Council (ICC) on Friday announced that PepsiCo chairman and CEO Indra Nooyi has been appointed to the ICC Board as the organization’s first independent female director. Nooyi will join the Board in June 2018 to align with the term of the ICC independent chairman, following the unanimous confirmation of her appointment at Friday’s meeting.
Also during the meeting, the first of this year, the ICC Board agreed a revised financial model incorporating increased allocations for Ireland and Afghanistan as the newest Full Members of the ICC. The new model will see Ireland and Afghanistan each receiving a percentage of the projected surplus, amounting under current projections to approximately $40m each over the course of the current eight-year commercial rights cycle.
Additionally, the ICC Board were provided with an update on the ongoing suspension of Nepal. Following an ICC delegation to Nepal at the end of January, the ICC Board were informed that a general meeting will be held in Nepal in March to adopt an agreed and amended constitution by which the membership base will be determined and subsequent elections at District, Provincial and Central levels will be held. This process is expected to be completed by the end of March with a view to Nepal being readmitted to membership at the ICC’s Annual Conference in June.
The Board also received an update on progress regarding the establishment of a National Governing Body in the USA following the expulsion of USACA in June 2017. A new NGB – USA Cricket – and the election of a new Board and Chair under a new constitution is expected to be completed in early June 2018. It is expected that USA Cricket will subsequently be in a position to apply to become an Associate Member at the ICC’s 2018 Annual Conference.
Source : timesofindia

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India may not host 2021 ICC Champions Trophy due to tax issues


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