Tax Incentives for Cultural Investments: Why Other EU Member States Shouldn't Follow the Dutch Example

European Taxation, p. 371-374, August 2004

7 Pages Posted: 15 Nov 2011

See all articles by Sigrid Hemels

Sigrid Hemels

Erasmus University Rotterdam (EUR) - Erasmus School of Law; Lund University School of Economics and Management

Date Written: May 12, 2004

Abstract

For at least the last decade, governments throughout Europe have been interested in creating new tax incentives for the arts. Tax incentives for films have spread all over Europe, the French example of payment of inheritance tax with works of art has been followed by many European countries and some countries even have a special law on patronage which includes tax incentives for the arts. Recently, The Netherlands introduced tax incentives for cultural investments in the Income Tax Act ("ITA"). In this article I will discuss this incentive and the reason for introducing this incentive in the ITA. But more importantly, I will argue why other EU member states should not introduce similar tax incentives, as I question the success of the Dutch incentive.

Keywords: culture, tax law, personal income tax, tax incentives

JEL Classification: K34, H24

Suggested Citation

Hemels, Sigrid, Tax Incentives for Cultural Investments: Why Other EU Member States Shouldn't Follow the Dutch Example (May 12, 2004). European Taxation, p. 371-374, August 2004, Available at SSRN: https://ssrn.com/abstract=1959988

Sigrid Hemels (Contact Author)

Erasmus University Rotterdam (EUR) - Erasmus School of Law ( email )

3000 DR Rotterdam
Netherlands

HOME PAGE: http://www.esl.eur.nl/profile/profiel_metis/1112068

Lund University School of Economics and Management ( email )

Lund

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