12/16/04

Exotic Tax Free! Zones

News: The International Cricket Council is planning to move its head quaters, reason - Tax implications. The ICC has an income of around $200 million and, under English law that warrents to pay tax. The government said it would offer concessions in a bid to persuade the ICC to stay in London, however there was wide spread condemnation from various Cabinet ministers of the goverment. Hence Government withdrew the consessions.
ICC will move to a location where they need not pay TAX.



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