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article policy schedule Jun 5, 2025 visibility 14 link 5 artists

more italians take avantage of art for taxes scheme

The Italian government has successfully revived a program allowing citizens to use cultural treasures, fine art, antique books, and villas to satisfy tax bills. Culture and Tourism Minister Dario Franceschini named a panel to tally the value of works offered for income and inheritance taxes, aiming to reinvigorate a scheme established in 1982 that previously attracted little interest. The program mirrors similar initiatives in other EU countries, notably Britain, where a comparable plan drew works worth $80.4 million in 2012–13.

newspaper Artnet News open_in_new Read original
article policy schedule Dec 2, 2025 visibility 14 link 1 artist, 1 gallery

switzerland reject inheritance tax billionaires collectors

Swiss voters overwhelmingly rejected a proposed inheritance tax on Sunday, with 78% voting no. The tax, introduced by the Social Democrats, would have applied a 50% rate to inheritances and gifts exceeding 50 million Swiss francs (about $62.3 million). Billionaire Peter Spuhler threatened to leave the country if the tax passed, and Swiss wealth managers warned that other ultra-wealthy individuals would follow, citing their mobility and options to optimize taxes.

newspaper ARTnews open_in_new Read original
article policy schedule Feb 18, 2026 visibility 17 link 1 artist

french police search institut du monde arabe as part of epstein probe

French police conducted a raid on the Institut du Monde Arabe in Paris as part of an investigation into its former president, Jack Lang, and his daughter, Caroline Lang. The probe, led by the National Financial Prosecutor's Office, focuses on suspicions of aggravated tax fraud and money laundering linked to their names appearing in the newly released Jeffrey Epstein files. Lang, a former culture minister, resigned from the institute to protect its reputation, denying all allegations.

newspaper ARTnews open_in_new Read original

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