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ICC lost $20-30 million from the last event in India (World T20 2016), for which tax exemption has not yet been approved. It is learnt that Star India gave 10% tax to the Indian government and recovered by not deducting the payment to ICC.
If the problem is not solved, then ICC are in danger of losing $100-125 million in 2021 Champions Trophy and 2023 World Cup.
ICC share their revenues to all full-member nations from ICC events. So, full-member nations will also be hit on this issue.
"The Board expressed their concern around the absence of a tax exemption from the Indian Government for ICC events held in India despite ongoing efforts from both the ICC and BCCI to secure the exemption which is standard practice for major sporting events around the world," ICC said in a release.
Meanwhile, ICC are searching for a host for 2021 CT which is similar to Indian time zone. 
