Even if they succeed in establishing their businesses, most entrepreneurs in Brazil are often unable to keep them running due to the high tax burdens put in place by the government. However, there is now a light at the end of the tunnel, if the government implements Flavio Maluf’s fiscal incentives suggestions into laws.
According to Flavio Maluf, fiscal taxes allow businesses to direct part of their taxes into other avenues such as social, cultural and technological areas, thereby reducing the burden placed on them by the government.
Flavio points out that fiscal incentive laws create a win-win situation for both the entrepreneurs and the government. This is because, instead of paying taxes directly, business owners use the amount earmarked for this purpose to help fuel the growth of the communities they live in, thereby enabling them to create a positive image in the society. On the other hand, the government benefits through the development created. In a nutshell, fiscal taxes promote economic and social development at the same time.
Nevertheless, Flavio Maluf goes on to add that this incentive policy is only applicable to businesses which are taxed on real profits and even with that being so, the terms and conditions differ from one municipality and state to another. Check out flaviomalufoficial.com to know more.
About Flavio Maluf
Even though he holds a mechanical engineering degree, Flavio Maluf’s passion for entrepreneurship saw him ditch engineering for business. Currently, the president of Eucatex, Flavio is one of the most renowned business figures in Brazil. He began his career in Eucatex in 1987 but left after a while to venture on his own in the industrial sector. After a few years, Flavio was called back to Eucatex where he began serving as an executive before being promoted to president of the company in 1997. Besides Eucatex, Flavio is also the president of a company known as Grandfood.
For more information about Flavio, click here: https://www.crunchbase.com/person/flavio-maluf