ICC stands to gain $100 million if Indian govt gives tax exemption

It's the prerogative of the Board of Control for Cricket in India (BCCI) to get the waiver from the government.

At the board meeting in Dubai on Friday, the ICC decided to look for alternate host countries to host the Champions Trophy in case the talks fail.

On the basis of projected income as of now, the  International Cricket Council (ICC) hopes to get a tax exemption of around $ 100 million (for the ICC Champions Trophy in 2021 and the ICC Cricket World Cup 2023 to be held in India) from the Indian government.

It's the prerogative of the Board of Control for Cricket in India (BCCI) to get the waiver from the government.

READ: ICC threatens to move Champions Trophy 2021 out of India

A well-placed source said: "The BCCI is a party to tax exemption decisions and hence it's bound by it. The BCCI did not get the exemption for the ICC Twenty20 World Cup held in India.  BCCI and ICC officials have shown documents from countries that gave tax exemption for ICC events to Arun Jaitley (Union Finance Minister). The ICC members believe that they should not lose money.''

A press release stated on Friday that the ICC would look at countries with same time zones as India, as an alternate host country in the event of BCCI not being able to obtain the tax waiver; it could be either Sri Lanka or Bangladesh.