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Sigrid Hemels. Photo.

Sigrid Hemels

Visiting professor

Sigrid Hemels. Photo.

Free Ports for Art: Special Tax Zones as Cultural Policy Incentives?

Author

  • Sigrid Hemels

Editor

  • Antti Laukkanen
  • Pasquale Pistone
  • Jan de Goede

Summary, in English

A free port for art is a location in a country with purpose-built art facilities where imported works of art may be stored without taxes such as value added tax (VAT), goods and services tax (GST), consumption tax, transaction taxes and customs duties. As long as the art does not leave the free port, such taxes are not imposed, hence the word “free”. These free ports could be regarded as special tax zones (STZ). The central question in this paper is whether these free ports for art are cultural policy incentives or as threats.

Department/s

  • Department of Business Law

Publishing year

2019-08-28

Language

English

Pages

215-224

Publication/Series

Special Tax Zones in the Era of International Tax Coordination

Document type

Book chapter

Publisher

IBFD

Topic

  • Law (excluding Law and Society)

Keywords

  • Tax law
  • special tax zones
  • Tax incentives
  • free port
  • art
  • Cultural policy

Status

Published

ISBN/ISSN/Other

  • ISBN: 978-90-8722-550-6
  • ISBN: 978-90-8722-549-0