The French Senate and parliament have passed a new bill this week cutting the nation’s  VAT rate on French artwork nearly in half, from 10% to 5.5%.  The bill, proposed by Socialist party member David Assouline, should have a major impact on the sale of French art, and targets what he considers “a ludicrous situation that penalizes the French scene and does not correspond to any economic logic.â€Read more at Art Newspaper
