If taxes sound taxing to you, consider this alternative: move to Spain, purchase valuable and culturally significant artworks, and donate them to the Spanish government in lieu of tax. Just make sure they’re really significant artworks.
That’s what many prominent Spanish banks and corporations have been doing for years. The bank Caja Madrid got out of over $4 million in taxes by donating four works by Francisco de Goya to the Museo del Prado between 2002 and 2003, and in 2005 the urban infrastructure company Ferrovial donated a painting by John of Flanders worth around $8 million, The Art Newspaper reports.
However, in the past year there has been a marked decline in the efficacy of this art-for-taxes scheme. Much to the chagrin of the Spanish corporate elite, none of the artworks on the table made the cut: they were all deemed too historically insignificant.
But don’t despair, Spanish financiers: if your government’s tastes continue to prove too aesthetically conservative, you can always move to a number of other countries including France, the UK, and India that accept art donations as tax payments.
The action could disrupt public access to the museum as workers campaign for higher wages and better labor conditions.
Over 500 scholars signed an open letter to reinstate the exhibition, which was postponed in consideration of the ongoing war in Ukraine.
This week, artist studios in the streets of Manhattan, a Texas high school, a Brooklyn apartment, and more.
Your list of must-see, fun, insightful, and very New York art events this month, including Ed Ruscha, Nina Katchadourian, Luis Camnitzer, Martha Edelheit, and more.
Join the New-York Historical Society on February 10 for a virtual conversation about our changing relationship to the natural world with Julie Decker, John Grade, and LaMont Hamilton.
Asawa’s life masks do not keep count of past or future losses.
At San Francisco’s Legion of Honor, Mobina Nouri took scissors to her own strands and invited others to do the same.
Amid a worsening inflation crisis, Sergio Guillermo Diaz’s banknote artworks are a poignant symbol of Argentinian resilience.
Theatres of Melancholy: The Neo-Romantics in Paris and Beyond highlights a group of artists who found acclaim and patronage only to fall back into obscurity.
Presented by Northwestern’s Block Museum and McCormick School of Engineering, this new exhibition seeks empathy at the boundaries of life. On view in Evanston, Illinois.
Jean Renoir’s newly restored 1939 classic proves that lawless wealth — then as now — makes a marvelous farce of us all.
Hamburg’s Antisemitism Commissioner disparaged photographer Adam Broomberg for his support of the BDS movement.