India set to lose hosting rights for ICC World Cups

India set to lose hosting rights for ICC World Cups

NEW DELHI - All future International Cricket Council (ICC) events may be forced to shift out of India because of strict tax laws.

This would leave the Board of Control for Cricket in India (BCCI) with one choice — Either bear huge tax liability or say no to hosting ICC World Cups and T20 World Cups.

DNA has reliably leant that though the situation has not gone out of BCCI's control, the board has got enough hints from ICC to sort out country's "tax problem" before bidding for 2021 World T20 and 2023 World Cup.

To put the situation in perspective, it was due to no tax exemption by the Central government that Formula One organisers decided to pull out of India after just three seasons (2011-2013).

During a meeting in Dubai recently, ICC made it clear that in 2016 World T20, a huge chunk of profit went into paying the taxes, as was necessitated by Indian tax laws. This time the world cricket body would not be in a position to repeat this mistake.