The International Cricket Council (ICC) has been struggling to come to terms with the Board of Control for Cricket in India (BCCI) regarding tax exemptions as the latter is not allowing any relief to the cricketing body.
According to the BCCI, it has made every effort to get exemptions for the ICC but all has gone in vain as the government is adamant on its stance which is why the ICC has not been given tax waivers for ICC WorldT20 2016 up till now.
However, reports suggest that the ICC has decided to slash the annual revenue share of the BCCI because of the disagreement on the tax issue.
“For the 2016 event, tax authorities directed that 10 per cent of the amount payable by ICC's broadcaster to ICC under media rights agreement should be withheld. The CoA was informed that ICC is now attempting to recover the same amount by deducting the same amounts payable by ICC to BCCI,” said the BCCI legal team member.
Therefore, the BCCI has now contacted an English law firm for consultation on the matter as they are considering a legal battle against the international body.