Tax Incentives for Artists

Dick Molenaar ()
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Dick Molenaar: Erasmus University Rotterdam

Chapter Chapter 11 in Tax Incentives for the Creative Industries, 2017, pp 211-225 from Springer

Abstract: Abstract Artists are key players in the creative industries who create and perform the work. Many of them are in an economically vulnerable situation and some countries prefer to have more artists than the market would otherwise allow. This desire leads those countries to enact financial support measures, such as tax incentives. In addition, goals such as preserving national culture and stimulating the economic impact of artists may also be reasons for these tax incentives. This chapter examines several examples of tax incentives, including the value-added tax exemption and reduced rateReduced rate in the EU, the Theatre Tax ReliefTax relief and Orchestra Tax ReliefOrchestra Tax Relief in the UKUnited Kingdom (UK) , the Theater Tax BenefitTax benefit in the USAUSA , the option for artists to pay taxes with artwork in MexicoMexico , and the income taxIncome tax exemption for authors, composers, painters and sculptors in IrelandIreland . In the conclusion, these tax incentives are compared with the criteria for fairnessFairness , effectiveness, complexity and visibility outlined in Chap. 4 and for state aidState aid in Chap. 5 .

Keywords: Artist; VAT exemption; Reduced VAT rate; Orchestra tax relief; Theatre tax relief; Theatre tax benefit; Pago en especie; Artist’s exemption (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:crechp:978-981-287-832-8_11

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DOI: 10.1007/978-981-287-832-8_11

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