News Articles Library Event Photos Contact Search


Friday, 24 October 2014 11:09

France's National Assembly Rejects Art Tax

On October 17, France’s Assemblée Nationale rejected an amendment proposed by the center-leaning UDI party (Union des démocrates et indépendants), which set out to make works of art susceptible to ISF (l’impôt de solidarité sur la fortune, or solidarity tax on wealth). The amendment failed 18 votes against 3.

President of the party who put forward the proposition Philippe Vigier said: “It is a case of supervising the practices of a speculative market and not at all a question of taxing culture or creativity.”

Additional Info

Events