Tag: tax

Daniel Sallick on Why the U.S. Needs a 1% Federal Art Sales Tax – ARTnews.com

Daniel Sallick is board chair of the Hirshhorn Museum and Sculpture Garden in Washington, D.C., and a founding partner of Subject Matter, a creative advocacy firm based in the city. The views expressed here are his own. The art world has been invigorated in the past year by the notion that equity and inclusion should be mandates rather than mere abstract concepts. But while ...

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Facing $11B tax bill, Samsung heirs donate mass art trove

SEOUL – Samsung’s founding family will donate tens of thousands of rare artworks, including Picassos and Dalis, and give hundreds of millions of dollars to medical research to help them pay a massive inheritance tax following last year’s death of chairman Lee Kun-Hee.The Lee family, including his wife and three children, expects to pay more than 12 trillion won ($10.8 billion) in taxes related ...

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French High Court orders retrial of Wildenstein art dynasty tax fraud case

Guy Wildenstein in 2017 Christophe Ena/AP/Rex In a new twist to a decade-long saga, France’s High Court has ordered the retrial of a fiscal fraud case against the heirs of the Wildenstein art-dealing dynasty. In 2017, Guy Wildenstein and his nephew, Alec Jr, were acquitted of all charges by the criminal court of Paris. The verdict  was upheld in appeal in 2018. The prosecution ...

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Vanity Fair highlights Hunter Biden’s art career amid federal tax probe

Vanity Fair highlighted Hunter Biden's fledgling art career as the president-elect's son deals with an investigation into his taxes."Hunter Biden isn't letting the Department of Justice ruin his life: 'The one thing I have left is my art,'" the outlet tweeted this week.Biden is under federal investigation for his tax affairs and overseas business dealings, which have led to Republican calls for a special counsel ...

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Billionaire Sheldon Solow Allegedly Gamed the Tax System for Years With His Inaccessible Art Museum. Now His Widow Will Make It Public

Artist Mia Fonssagrives-Solow, married for 48 years to the late New York real estate multibillionaire and art collector Sheldon Solow, has told Artnet News that his collection will go on long-term public view in New York in a privately run museum. Some of his collection—including works by Jean-Michel Basquiat, Alexander Calder, Franz Kline, Henri Matisse, Joan Miró, and Pablo Picasso—has been on view through ...

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RAP tax funds come to the rescue of local arts groups – St George News

St. George Dance Company dancer Rebekah Wainwright performs on stage at the Electric Theater, The company received RAP tax funding during the 2020 allocations. St. George, Utah, April 13, 2018 | Photo by Parker Grimes, St. George News ST. GEORGE — Despite tight budget conditions from the COVID-19 pandemic, St. George’s leadership has awarded a host of arts groups Recreation, Arts and Parks Tax funding. ...

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