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SBD Global/February 22, 2013/Olympics

Olympics Notes: Madrid 2020 Supporting Companies To Receive Tax Relief

The first meeting of the Madrid 2020 Bid Consortium confirmed that companies supporting the city's bid can take advantage of tax relief. The relief can be as much as 15% of advertising costs and comes as a result of the Spanish government declaring the Madrid bid "an event of exceptional public interest" (Madrid 2020). ... India's junior fencing team "will not be able to participate" in the Asian Junior & Cadet Championship scheduled to be held in Thailand under national flag "owing to IOC's ban on India and this move could also hit the progress of the game as government may stop funding" (PTI, 2/21).
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