centerlogobigAAD logo


The use of an ICC (Interstate Commerce Commision) licensed courier invariably produces a receipt which when attached to the invoice on file, causes the NY state department of taxation to give it a free pass.

Screen Shot 2017 10 01 at 19.17.49

NEW YORK (AP) — New York City collects sales tax on even the smallest items, but it probably won't collect a cent in taxes on a nearly half billion dollar painting by Leonardo da Vinci.

The Italian Renaissance artist's "Salvator Mundi" sold for $450 million (380 million euros) during a record-breaking auction at Christie's last month to a buyer reported to be a Saudi prince. But unless he decides to hang the work in a Manhattan pied-a-terre, or ships it using the wrong type of carrier, the city won't get any taxes.

To read more on ATT: 


About the Author



AAD REPORTS   Reports, news and opinion from