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Paris Art Market




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         The lack of fiscal unity in the Art Market at the European level leads to competition between member states,  with members attempting to attract foreign investors through favourable tax laws.
For example, certain ideas put forward during the French presidential campaign regarding the taxing of high earners, as well as the various national financial systems, and differing abatements, and exemptions between countries – such as differing systems of taxation regarding wealth in the form of art (including the French Wealth Tax previously "impôt sur les grandes fortunes" now [ISF] and UK Own Art program, have all contributed to a sense of unpredictability.  Despite the fact that some rules and regulations are applied at a European level (regarding the packaging of cultural goods, for example), it would appear that, when it comes to art, what goes on at country level can still lead to uncertainty.



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Paris ART MARKET News