Newsmakers: Artissima Director Luigi Fassi on Italy Slashing VAT on Art Sales and Why ‘There Are No Excuses Left’ for Italian Dealers

Newsmakers: Artissima Director Luigi Fassi on Italy Slashing VAT on Art Sales and Why ‘There Are No Excuses Left’ for Italian Dealers

Editor’s Note: This story is part of Newsmakers, a new ARTnews series where we interview the movers and shakers who are making change in the art world. In July, Italy’s government finally bowed to two decades of lobbying from galleries, auction houses, and antique dealers and slashed VAT on art sales from 22 percent to just 5 percent, the lowest in the European Union. This year’s edition of Artissima, Italy’s largest contemporary art fair, clo…