Commentary

D1.241 The London Olympic games and Paralympic games

Corporate tax
Corporate tax | Commentary

D1.241 The London Olympic games and Paralympic games

Corporate tax | Commentary

D1.241 The London Olympic games and Paralympic games

This article explains the tax treatment of the London Organising Committee of the Olympic Games Ltd. The treatment of the International Olympic Committee, although not within the scope of this Division, is also covered here for completeness.

Background

The terms of the contract to stage the 2012 Olympic Games and Paralympic Games ('the Host City Contract') require the formation of an Organising Committee of the Games ('OCOG').

The London Organising Committee of the Olympic Games Limited ('LOCOG') was incorporated on 22 October 2004 as a private company limited by guarantee to carry out the functions of the OCOG. LOCOG will organise, manage, and promote the 2012 Olympics and Paralympics.

The International Olympic Committee (IOC)

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