Proposed Tax on Art Sales Raises Hackles: related news

Proposed Tax on Art Sales Raises Hackles

Conflict between the government and the art world is mounting over a plan to impose capital gains tax on artworks. The Ministry of Strategy and Finance submitted a tentative bill last Wednesday, the opening day of the regular session of the National Assembly, to the Strategy and Finance Committee. The Ministry hopes the bill gets passed before Dec. 9, the last day of the plenary session. The bill would impose tax on 20 percent of the marginal profits when selling an artwork worth W40 million (US$1=W1,269) or more.

Sales tax controversy: FBR moves Supreme Court against LHC verdict

ISLAMABAD (October 09 2008): The Supreme Court of Pakistan would hear the case of a tax controversy to ascertain whether the sales tax could be collected on the transportation charges under the Sales Tax Act, 1990. The Federal Board of Revenue (FBR) has filed an appeal against the judgement of Lahore High Court (LHC), which has declared that there is no charge on transportation under Sales Tax Act.

Lackluster auction results raise worries for Art Basel: Disappointing results at fall art auctions cast a cloud over potential for robust prices and sales at Art Basel

Lackluster auction results raise worries for Art Basel: Disappointing results at fall art auctions cast a cloud over potential for robust prices and sales at Art Basel

13th ART FORUM BERLIN

On October 30, 2008, ART FORUM BERLIN - the international fair for contemporary art presents for the 13th time a magnificent selection of galleries from Berlin, as well as national and international galleries, and opens its doors to collectors and lovers of contemporary art. In recent years, the constant growth of the fair's profile, and the focus on contemporary art, has enabled ART FORUM BERLIN to become Germany's leading art fair. 127 galleries from 26 countries, three fine art publishers, 13 institutions and 21 publishing houses from all parts of Europe, Asia, the USA, Central America and, for the first time, South Africa will show the current production of their stars and newcomers. New discoveries, exciting re-encounters with artists, spectacular stand presentations, unusual gallery concepts and - last but not least - the special ex

Artprice and the Fiac Publish an Exclusive Report on the 2007/2008 Contemporary Art...

Artprice and the Fiac Publish an Exclusive Report on the 2007/2008 Contemporary Art Market, in Partnership With Axa Art PARIS, October 21 /PRNewswire-FirstCall/ -- For the 35th edition of the Fiac (Foire Internationale d'Art Contemporain) and in partnership with Axa Art, Artprice, Fiac's press partner, publishes an exclusive reference report on the contemporary art market worldwide. This book delivers key information to understand what is at stake on the international art market. It will be distributed to the media and to all the visitors coming to the Grand Palais and the Carre du Louvre from 23 to 26 Oct. 2008. The 180-page study printed in English and French is a guide for the art market as seen through the prism of auction in 72 different countries.

Sales Tax Rules for eBay Sellers

Many sellers on eBay want to do the right thing - collect sales taxes when required and pay this amount to their state. Unfortunately, doing the right thing isn't easy. There are over 8,000 tax jurisdictions (when you add state and local tax authorities); each has its own rules on what is subject to tax, what is exempt, and how much the tax rate should be.

application spotlight: webex sales center integrates web conferencing into your sales cycle

WebEx Sales Center lets sales reps use their salesforce.com account, opportunity, or contact information to schedule Web meetings. Then, when it's time for the meeting, the sales rep can conduct those Web meetings quickly and easily with one click. WebEx Sales Center allows sales reps and managers to track Web meeting activity in salesforce.com in order to discover patterns about which activities resulted in a sale and which did not.

The Power of the Language of Art - AchieveKids 3rd Annual Art Show Will Enchant!

PALO ALTO, Calif.--(Business Wire)-- Ever wonder how art can transform lives? The AchieveKids 3rd Annual Art Show can show you how even kids with the greatest difficulty in communications can speak with eloquence through their art. Set for Friday, October 24th, at the Decathelon Club in Santa Clara, this annual event has been a great success in past years and again promises to thrill, inspire and enlighten for all. A&D (andonline.com) is sponsoring the Art Show and the AchieveKids Art Program. A&D's corporate commitment to our immediate community and education is an example of how many corporations support philanthropy in their geographic area throughout the United States. AchieveKids is an organization teaching youth with complex emotional and developmental disabilities the skills and knowledge necessary to achieve greater independence.

The Power of the Language of Art - AchieveKids 3rd Annual Art Show Will Enchant!

PALO ALTO, Calif. (Business Wire) -- Ever wonder how art can transform lives? The AchieveKids 3rd Annual Art Show can show you how even kids with the greatest difficulty in communications can speak with eloquence through their art. Set for Friday, October 24th, at the Decathelon Club in Santa Clara, this annual event has been a great success in past years and again promises to thrill, inspire and enlighten for all. A&D (andonline.com) is sponsoring the Art Show and the AchieveKids Art Program. A&D's corporate commitment to our immediate community and education is an example of how many corporations support philanthropy in their geographic area throughout the United States.

The Power of the Language of Art -- AchieveKids 3rd Annual Art Show Will Enchant!

PALO ALTO, Calif., Oct 17, 2008 (BUSINESS WIRE) -- Ever wonder how art can transform lives? The AchieveKids 3rd Annual Art Show can show you how even kids with the greatest difficulty in communications can speak with eloquence through their art. Set for Friday, October 24th, at the Decathelon Club in Santa Clara, this annual event has been a great success in past years and again promises to thrill, inspire and enlighten for all. A&D (andonline.com) is sponsoring the Art Show and the AchieveKids Art Program. A&D's corporate commitment to our immediate community and education is an example of how many corporations support philanthropy in their geographic area throughout the United States.

Best Buy(R) News Media Policy Eases Store Access For North Carolina's Sales Tax Holiday

BUSINESS WIRE -- Best Buy Co., Inc. (NYSE: BBY) -0- *T What: Best Buy is pleased to participate in North Carolina's upcoming sales tax holiday November 7 - 9. During the holiday, the nation's leading consumer electronics retailer is offering ENERGY STAR-qualified products tax free, including refrigerators, freezers, clothes washers, air conditioners and dehumidifiers. All purchases should be for personal, non-commercial use. Local Best Buy BlueShirts are available for live or taped in- store interviews and can offer: -- Information about the latest technology -- B-roll or photography How: Best Buy Public Relations Department is instituting a "manager-approval" news media policy for newspaper, TV and radio reporters for the sales tax holiday.

New works at Frieze Art

he Frieze Art Fair is a significant event, and not just in terms of showing important new art in beautiful surroundings. Unlike the banks, it seems doubtful that contemporary art will be nationalised if things go wrong (although there's always a first time), and sales at Frieze should be a reality check of our national finances. But don't count on reality. All we can be certain of is that Frieze is the acme of the art calendar - that over 1000 artists will be exhibiting, and that ten trillion bottles of the sponsor, Laurent-Perrier's, champagne will be deliriously consumed. Oh yes - and that the art will be very cool, like Gillian Wearing's Self Portrait at 17 years old, above.

Column: Is found art just aesthetic salvage?

Have you seen a piece of art and thought "How is this art? What makes it display-worthy?" It is likely that you saw a piece of found art and did not even know it.According to Clever Magazine, found art is artwork made from everyday objects taken out of one context and put into another. Wikipedia describes it as "art created from the undisguised, but often modified, use of objects that are not normally considered art, often because they already have a mundane, utilitarian function.

Win tickets to an exclusive Frieze Art Fair breakfast talk in association with The Art Fund and AXA Art Insurance

As media sponsor of Frieze Art Fair, one of the biggest events on the art calendar, the Guardian is hosting a panel discussion on collecting contemporary art exclusively for Guardian readers.

Bargains in the art market?

The financial meltdown and the feeling of gloom and doom in the world has finally hit the one area that seemed recession-proof — the art market. Two recent auctions in London, by Sotheby’s and Christie’s have shown that buyers are staying away from high-priced contemporary art, with works even by Damien Hirst, Jeff Koons and Anish Kapoor, all favourites of collectors, either remaining unsold or going for less than the estimate. In India, dealers quietly admit that art sales have slowed down and recent auctions of contemporary art did not attract rich non-resident Indians and foreign collectors. In fact, gallerists say this might be a good time to pick up art for reasonable prices.

Art is not mere art it is life

Bhopal, Oct 11: It is said that art is not mere art, rather it should be complete life. In India and the entire world there are such artists who have shown complete devotion towards art throughout life. Bharat Bhavan is famous throughout the world as centre of arts. At the studio in Roopankar portion of Bharat Bhavan some artists from different states are always involving in some creativity. They are dinstinctly different from others. These sons of art are fully engrossing in preparing the face of imagination and reality at closed studios. Far away from the bustle of the city when Bhopal Today Team

Americans for Tax Reform and Rutledge Capital Release Version 2.0 of Obama-McCain 401(k) Tax Calculator

WASHINGTON, Oct. 21 /PRNewswire-USNewswire/ -- Americans for Tax Reform (ATR) and Rutledge Capital today announced the release of version 2.0 of the "2008 Election 401(k) Tax Calculator." This change reflects a new tax cut introduced by Sen. John McCain (R-Ariz.): cutting the capital gains and dividends tax rates in half.

ART centre inaugurated at Dr Ram Manohar Lohia Hospital

A state-of-the-art Anti Retro Viral Therapy (ART) centre was inaugurated at Dr Ram Manohar Lohia Hospital here by Prof Michel Kazatchkine, Executive Director, Global Fund on AIDS, TB and Malaria. The spacious ART centre has a unique air exchange system to avoid cross infection among patients at the centre who have low immunity level. At present the hospital has more than 5,000 patients registered on HIV care and more than 1,500 patients currently on ART therapy. It has linkages with various NGOs to follow up the patients for home based care. Inaugurating the new facility at the hospital, Prof Michel interacted with the HIV patients who had come for treatment and enquired about the mechanism of supply chain management of ARV drugs. He was briefed about the process of enrolment of HIV positives at the ART centre.

See Art

Frieze Art Fair tickets are now available as the hit art fair returns to London once again for 2008. Taking place in Regents Park, the Frieze Art Fair will once again showcase some of the finest contemporary art and design from some of the hottest names in the business. Frieze Art Fair tickets will enable visitors to see examples from both new and established artists, with over 150 galleries exhibiting from around the world.

Graphic art is little vary from painting

Bhopal, Oct 13: At Bharat Bhawan, some or the other programmes and workshops on different topics are frequently conducted for the people. These days also workshop on graphic art is being organised at Bharat Bhawan. The workshop has begun from 11 October and will continue till 13th October. At this workshop, 12 participants are attending from 10 regions. This technique is much different from other arts, but paintings made on the medium of this art create unique impression in itself. The art is completely not as painting. The technique of graphic art grants the freedom of making various copies from one copy. The roots of this art are deeply embraced in Madhya Pradesh.

Auction of Indian Contemporary And Modern Art

Emami Chisel Art Pvt. Ltd. is proud to announce its auction of Indian Contemporary and Modern Art. The hammer comes down for the second time this year on the 8th of November 2008 at 6.30 pm at Emami Towers, 687 Anandapur, E.M. Bypass, Kolkata 700107.The auction of Indian Contemporary and Modern Art consists of diverse works from various artists across the country, therefore proving to be a collectorís delight. In this auction ëNo Reserveí price will be marked against the works. An amalgamation of specially selected art works has been possible by the active support and cooperation from various galleries and collectors in India. The 105 lots will comprise of distinct art works of 89 artists.

Life in Art: The Visual Symphony Exhibition at Kjarvalsstadir Museum

Bragi Ásgeirsson (1931- ) is a person, who through being an artist, an art teacher and an art writer, devoted his life to art. “Visual Symphony” reflects not only on his artwork but also on his role as an art educator, who with endless energy stimulated the interest of students and the public at large in art and its values.

Third quarter web sales climb 14% for Skechers USA

In the third quarter ended Sept. 30, online sales at Skechers, a manufacturer and retailer of footwear, grew by 14.3% from $4.2 million in Q3 2007 to $4.8 million while total sales increased by 2.1% from $395 million in Q3 2007 to $403.2 million. U.S. retail sales also rose year-over-year by 1.3% to $79.3 million from $78.3 million in the third quarter of 2007, the company says. Q3 e-commerce sales accounted for about 1% of total sales.

Deep Frieze: UK's hottest art fair braces itself for the chill of the banking crisis

Today is VIP day at Frieze art fair in London, and it will be fascinating to observe the mood of this bellwether of the London art market. Recent art auctions, notably Damien Hirst's, have been strong. But the banking crisis has changed things, and it seems likely, if not inevitable, that a more sober spirit will prevail at the fair, as well as at the major contemporary and modern art sales at Christies's and Sotheby's over the coming days.

Best Small Business to Start: Online Art Dealer

There is always travel involved in the art world—whether it's to another country to find emerging artists or to meet with buyers. Online art dealers are no different—they just save money by not having a physical art gallery space. The online art world is a growing sector that eschews the most expensive aspects of brick-and-mortar dealerships: rental of gallery space and salaries for curatorial staff. Online venues like the popular Etsy.com or the less-established VicariousCollection.com carve out a spot for young and emerging artists, often hosted by entrepreneurs working out of their homes. One of the best things about online art dealing, according to VicariousCollection's owner, Michael Files, is that you can do it from almost anywhere.

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