Bbc africa business report host

By Sam Haysom

Bbc africa business report host

These are external links and will open in a new window Close share panel Image caption The moment every bidding nation wants to see in its soil The BBC can reveal, for the first time, the full scale of the remarkable tax concessions that the world football authority Fifa demands of countries that wish to host a World Cup competition.

bbc africa business report host

This Friday, 14 May, in Zurich in Switzerland, representatives of footballing countries around the world will submit their bids to host either the or tournaments.

The bidding nations have been asked to comply with a wide variety of conditions that Fifa has laid down - and which it would like to keep confidential.

Africa highlights: Monday 5 & Tuesday 6 February as it happened. - BBC News

Among them bbc africa business report host that the entire event should be free of tax for Fifa. This means that to be successful in its bid, the UK government must agree to forgo tens of millions of pounds in tax for the benefit of Fifa, which - as a charitable organisation - pays hardly any tax to its home country of Switzerland.

It also appears to mean that the tournament income of the players, some of whom are among the highest paid earners in the world, should also be exempt from tax. Confidentiality The decision on where the and competitions are to be staged will be taken by Fifa in December, after considering the huge Bid Books that the contending nations are about to submit.

Fifa have very strict confidentiality clauses Gerry Sutcliffe, Former sports minister These will contain the details of how, exactly, the would-be hosts propose to go about organising such a massive event.

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They will have to comply with eight government guarantees, which the UK government signed last December in support of England's bid. Do they involve relieving the players, possibly even those already resident in the UK, from paying tax on their incomes? Holland and Belgium have a joint bid to host the or World Cup.

Image caption Fifa President Sepp Blatter is overseeing the bids for and The Dutch government recently published all eight government guarantees on its official website, in the form of a draft letter to Fifa President Sepp Blatter.

This exemption also applies to associated bodies such as the local organising committee; Fifa confederations; Fifa member associations including the hosting association; the host broadcaster; and Fifa service providers. That applies so long as the potential tax relates directly or indirectly to the World Cup and any of its associated events.

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Intriguingly, the document does not directly mention the most high-profile participants in the World Cup - the players. But the Dutch exemption for individuals seems all-encompassing: Germany also taxed the non-resident players and trainers as normal, charging them Everyone else from abroad who was officially accredited to the competition was exempted from German income or corporation tax, although VAT was applied to sales and services as normal.

The German government's official report into the way it organised the event reveals that as many asforeigners were given permits to work in the country as part of the competition.

A spokesman said this did not equate exactly to the number exempted from tax; no exact figure is available.

The World Cup in Russia may be the last for some time to be staged solely in one country. That's all from BBC Africa Live for this timberdesignmag.com up-to-date with what's happening across the continent by listening to the Africa Today podcast or check the BBC News website.. A reminder of. The BBC can reveal, for the first time, the full scale of the remarkable tax concessions that the world football authority Fifa demands of countries that wish to host a World Cup competition. This.

But it clearly suggests that tens of thousands of people benefited from Fifa's tax requirements. Meanwhile the Brazilian government, already awarded the World Cup, has just agreed that Fifa and its partners can be exempt from taxes on any goods and services related to the tournament for five years; from January until the end of The company behind a Kodak-branded crypto-currency scheme confirms the plan has collapsed.

The BBC can reveal, for the first time, the full scale of the remarkable tax concessions that the world football authority Fifa demands of countries that wish to host a World Cup competition.

This.

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A reminder of. That's all from BBC Africa Live for this timberdesignmag.com up-to-date with what's happening across the continent by listening to the Africa Today podcast or check the BBC News website..

bbc africa business report host

A reminder of. A South African court has heard startling details about the kidnapping of a British couple in KwaZulu-Natal province by people suspected to have links with the Islamic State militant group.

World Cup: To tax or not to tax? - BBC News