Euro 2016 organisers exempt from taxation, as provided in the hosting arrangement

The organisers of Euro 2016 (France, 10/06 to 10/07/2016) will be exempt from any taxes, including VAT, stated the French newspaper Les Echos on 03/11/2014.

This tax exemption is justified by "the economic benefits expected from the Euro tournament to the French economy," said the business daily, which states that the measure is provided for in...