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There seems to be good news for the pocketbooks of New York collectors of fine artwork. While purchasing classic art can be a costly venture, what really does not sit well with buyers is the exorbitant tax rates that they are required to pay in order to store their new treasures.
Until this juncture in time, the only way to circumvent the taxes being incurred for storage facilities was for art collectors to house them in warehouses in either the state of Delaware or even as far as Switzerland, where taxes do not apply. These tax free art storage facilities are meant to allow buyers to defer taxes on their art purchases until they reach a final end-user, according to a 2015 report.
The Wall Street Journal has recently reported that two
Billionaire Jeffrey Epstein who has been accused of having conjugal relations with minors and using them as “sex slaves” is once again in the news as it has been reported that he plans to testify in a lawsuit brought against him by a former sex partner.
Former child sex slave and mother of three, Virginia Giuffre alleges that she was only 15 years old when Maxwell recruited her into teen prostitution in 1999. According to court papers filed in a prior lawsuit against the woman that recruited
Chamber of Commerce's New Wall Street Office
Last week, amidst the hustle and bustle of Manhattan’s Financial District, a group of corporate and governmental VIPs, and Orthodox Jewish community leaders and activists, stood outside 44 Wall Street, an iconic building housing investment giants such as Charles Schwab and D.H. Blair Investment Banking Corporation – next door to a heavily guarded building emblazoned with “The Trump Building” in gold.
The event was truly historic: the ribbon
The ongoing financial imbroglio between the owner of the Upper West Side steakhouse known as The Prime Grill and the iconic Lincoln Square Synagogue does not seem to be heading towards any kind of tangible resolution, according to a recently published article in The Jewish Week.
The main point of contention remains the rental fees that Joseph Allaham (the owner of many top Manhattan kosher restaurants such as Prime Grill and Bentley, as well as serving as the caterer for the Lincoln Square
This August, the 54-year-old accessories label by Judith Leiber will be hitting the red carpet at the MTV awards, in a push for celebrities to clutch the company’s eccentric handbags.
The label is known for its quirky designs that mimic the shapes of fancy desserts, food and toy dogs. Leiber executives told The Post that although thw label’s namesake designer will not attend the award ceremony, their expensive purses will be on the arms of many celebrities.
In 2013, the licensing company