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.