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'A 40% IPL tax could build 10 IITs': Bengaluru professor questions India’s vision priorities

Business Today · 19h

Professor Mayank Shrivastava suggests imposing a 40% tax on BCCI’s IPL profits to potentially raise ₹15,000 crores over three years. Additional taxation on franchise profits could generate ₹320–₹480 crores annually, channeling substantial funds into research. The BCCI, enjoying tax exemptions due to its charitable status, recorded a ₹5,120 crore surplus in IPL 2023. Revenues are forecasted to reach ₹12,000–₹13,500 crore by 2025. He emphasizes shifting priorities from entertainment to future-building.