Copyright law, fine art and navigating the courts. Author Copyright Litigation Handbook (Thomson Reuters Westlaw 2019-2020)
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 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 2019-2020). The New York Law Journal called it "an indispensable guide". Board of Directors of the Fordham Law Alumni Association, former General Counsel & Director Federal Bar Association, FBA Chair of the Circuit VPs, ViP for Second Circuit. 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.
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