BCCI had to get tax exempted for the 2021 T20 World Cup but it has failed to do so.
It looks like the Board o
The Board of Control for Cricket in India (BCCI) had to get tax exempted for the 2021 T20 World Cup but it has failed to do so which is why the International Cricket Council (ICC) sent an email to BCCI chief, reminding the it reserves the right to shift the tournament. The ICC had given the BCCI time till May 18 to sort out the tax issue with the Indian government but instead, the board has asked for the deadline to be extended to June 30. "In light of the BCCI's notification of force majeure, we would highlight the obligation on the BCCI of the Host Agreement and that IBC (ICC Business Corporation) is entitled to terminate the agreement with immediate effect at any time from 18 May 2020," Jonathan Hall, the ICC's general counsel, was quoted by ESPNcricinfo. This is not the first time the ICC and BCCI are at loggerheads over the issue of tax exemption. The BCCI had failed to secure tax exemption for the 2016 edition as well which was hosted by India as a result of which cricket's world governing body had to suffer losses to the tune of $20-30 million. The ICC now stands to lose around $100 million if the BCCI fails to secure the tax exemption against for the T20 World Cup in India.