Wednesday, May 12, 2010
Tax Deduction For Holders of Nazi-Looted Art Who Return It?
Derek Fincham's Illicit Cultural Property blog has a link herehttp://illicit-cultural-property.blogspot.com/2010/05/student-note-on-nazi-era-claims-and.html to a student article with a proposal that sounds like a great idea to bring all of those holders of stolen art out of hiding.
Getting private collectors to do the right thing might help U.S. museums to start returning stolen artworks to the Jewish families from whom they were stolen and help to bring a lot of stolen art back into public, legitimate circulation.
Right now, these litigations are unfortunately a "winner-take-all" situation. Having a tax credit through a 501(c)(3) like IFAR would make it a win-win.
Labels: 501(c)(3) tax credit, art law, art litigation, IFAR, illicit cultural property blog, nazi art looting, stolen art
Partner in Manhattan law firm Dunnington Bartholow & Miller LLP in New York City litigating in federal and state courts and arbitrations. Experienced trial and appellate practitioner. Author: Copyright Litigation Handbook (Thomson Reuters 2015-2016). The New York Law Journal called it "an indispensable guide". Serve on the Board of Directors of the Federal Bar Association, served as Chair of the Circuit Vice Presidents, Vice President for the Second Circuit and General Counsel. Member Board of Governors, National Arts Club. President, Network of Bar Leaders (2013-2014). Attorney advertising disclaimer - prior results do not guarantee success. The statements and opinions voiced here are my own and not of my law firm.