Articoli taggati con ‘art collectors’
Taxation, a driver for the Art Market
The Italian art market grows poorly and, in any case, more slowly than the world market. One of the reasons for this stagnation is undoubtedly the presence of an anachronistic tax legislation that seems to respond to mere revenue logics. By contrast, an equal and forward-looking tax system of the art market could be instrumental in making a significant contribution to circulating works of art and offering new growth opportunities. Tax policies may be an effective instrument to support the cultural activities of individuals or entities by means of incentives and a favourable tax regime. If the main purpose of a tax system is to earn revenues, this does not prevent the governments from lawfully pursuing objectives not having a strictly fiscal character but rather a social or an economic nature at the same time. The tax regime of the art market gives origin to different issues in accordance with the diversified nature of acts and situations (purchases, supplies or possession of the works of art) taken into consideration by the legislator as well as with the legal form of the interested parties (natural or legal persons, VAT taxpayers or not, and so on). The main issues concern VAT, inheritance tax and income taxation.
The Market. Documents of Contemporary Art
Edited by Natasha Degen, “The Market. Documents of Contemporary Art” is an interesting anthology, which offers an interdisciplinary introduction to the evolution of the contemporary art market, its relation to value and its effect on artistic practice, taking into account different perspectives.
Fine Art and High Finance. Expert Advice on the Economics of Ownership
Written primarily but not exclusively for art investors, collectors and legal advisers, this book offers an interesting overview of the economic aspect of art ownership and at the same time could be considered a guide for those who want to invest in art.
Describe the role of collectors in the XXI century, in terms of effects on the art market, influence on artistic creation, diffusion and knowledge of artists and artworks
Collectors are different than donors who support the cultural production by giving money. Collectors are totally involved in the art market.
