ICC seeks $ 23 mn as compensation for 2016 World T20…

first_img WTC Final Day 3 Stumps: India remove Conway and Latham but Kiwis on top; NZ 101/2 (49 ovs) trail by 116 runs WTC Final LIVE: Devon Conway continues red-hot form, slams fifty to provide New Zealand dream start Cricket TAGSBCCIBCCI RevenueBCCI Tax IssueBoard of Control for Cricket in IndiaICCICC Tax CaseInternational Cricket CouncilShashank ManoharStar TV SHARE WI vs SA 2nd Test Day 3 Live: South Africa in huge trouble; SA 59/6 (22.3 ov)- Follow Live Updates Football Cricket ICC seeks $ 23 mn as compensation for 2016 World T20 taxes: Report Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore WTC Final LIVE: Jamieson says, ‘nice and pleasing to get Virat Kohli’s wicket’; Gill feels India could have got more wickets Facebook Twitter CricketLatest Sports NewsSports BusinessNewsSport Cricket PSL 2021 Eliminator 1 PES vs KAR LIVE: best way to watch Peshawar Zalmi vs Karachi Kings Live Streaming in your country, India, Follow Live update YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredUndo WTC Final IND vs NZ: Virat Kohli displays his dancing skills on the beats of Bharat Army’s Dhol; Watch video Euro 2020, Italy vs Wales LIVE: Matteo Pessina goal helps Italy beat Wales, finish top of Group A with flawless record; Follow Live Updates BCCI Apex Council Meet: BCCI to bid for 3 major global events in next tournament cycle starting from 2024; Check By Kunal Dhyani – December 22, 2018 Cricket RELATED ARTICLESMORE FROM AUTHOR Football Cricket Latest Sports News The International Cricket Council has asked the Board of Control for Cricket in India to take $23 mn (₹160 crore) burden for the statutory taxes deducted on ICC’s revenues from the 2016 World T20.The ICC has left no room for the BCCI to ignore the diktat. If the BCCI fails to comply, the ICC will deduct the amount from India’s share in the central pool revenue. The ICC has also threatened to shift the ICC events out of India, national daily Times of India has reported. Cricket Share on Facebook Tweet on Twitter Cricket by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeGrammarlyImprove Your Spelling With This Helpful Browser ExtensionGrammarlyUndo247 Sports50 Best College Football Players Of All Time247 SportsUndoMicrosoftBring your desktop to life with Bing WallpaperMicrosoftUndoThe amount relates to the taxes deducted at source by the 2016 World T20 official broadcaster Star TV from the ICC’s payments. The ICC has given the BCCI till December 31 to make the payment.The ICC is shifting the burden to the BCCI as the latter had failed to get the tax waiver from the Union Government. Cricket’s world governing body, headed by former BCCI president Shashank Manohar, has also warned that it will shift the 2021 ICC Champions Trophy and the 2023 ICC World Cup out of India if the Indian cricket board fails to take the tax costs. The BCCI has got the rights to host the Champions Trophy and the 2023 World Cup in India.Also Read: IPL stakeholders bat for entire 2019 season in India: ReportThe higher tax costs on the organisation of “non-Olympic” big ticket sports events have already witnessed the Formula 1 Grand Prix being moved out of India only after two seasons as the Union Government had declined to consider any tax reliefs.The ICC has reportedly reminded the BCCI of its demand, claimed to have been mentioned in the minutes of ICC’s board meeting in Singapore in October. The BCCI in its defence has said that it never agreed to the demand. It has reportedly asked for a copy of the minutes, which should establish that the BCCI has agreed to take the tax burden. “The ICC hasn’t provided any minutes to the BCCI yet,” TOI has quoted an anonymous source as saying.“And now, the ICC is shying away from sharing any minutes because they don’t have any. They just want to recover that money from India,” sources said. “Time and again, Shashank has targeted BCCI for his own personal agenda.”The BCCI is reportedly prepared to take legal round. Should ICC fail to share the minutes, no payment will be made and should the ICC deduct the money from India’s revenue, legal recourse will be sought, the paper has reported. “It’s become fashionable to blame BCCI,” said a board member.“Biting the hand that feeds, eh? Is that what it has come down to? A sports body that has economic value primarily because it feeds on India’s commercial stake in the game is telling India that it cannot host a World Cup? And that too with an Indian heading that organisation right now? What a joke,” said a senior BCCI member.Also Read: BCCI to persuade Centre for keeping IPL in India: Reports Euro 2020- Switzerland beat Turkey 3-1: Shaqiri’s brace keep Switzerland hopes alive; Turkey face exit from Euros Previous articleOver 1.12 bn watched FIFA World Cup final; combined audience 3.572 bnNext articleNo Indian among FIH Player of the Year nominees Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products.last_img

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