New Tax Law Hits Art

New tax laws in America may make art collectors less willing to donate to museums. "This may be a calculation remote from most people's lives, but art museum directors say they depend on this intricate system of financial incentives to stimulate people's generosity and attract art works that the museum could never afford to buy. If the balance between the advantages of donating versus selling shifts, wealthy individuals will be much less likely to give a valuable painting or sculpture away. For the full story - click the title Irish Art