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 here 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.

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