Flavio Maluf Tax Incentives and Their Impact on Business in Brazil

Ever since the government of Brazil placed a huge tax burden on companies, operations declined, and proposed incentives introduced. Flavio Maluf, president of the Eucatext, supports the Fiscal Incentive laws stating it’s an efficient way, part of their business taxes could benefit the society. Instead of directly going to the government, the charges could instead fund health programs, scientific research or technological advancements. The proposal is, however, not focused on reducing the taxes according to Flavio Maluf, but to create an image of the company associated with the projects mentioned.

Flavio Maluf is a visionary who believes that no industry should remain unchanged or isolated from the progress. Taking charge of the environment should be one way the corporations should help undo their wrong of pollution. Flavio Maluf gained experience in the company Eucatex South America Industry, which began in 1951. His uncle Maluf’s was a former president and encouraged Flavio Maluf to join in as well. Later in 1987, Maluf joined the company becoming the president in 2005. In the company, he found out that people adored a friendly environmental practice and it was a social responsibility of companies. Learn more at mundodomarketing.com about Flavio Maluf

Flavio Maluf also believes that tax incentives should get allocated to companies settling in specific areas, like in 1957 when Manaus Free Zone got initiated.

Grants tax incentives are other ways businesses could benefit through tax deductions, exemptions, and compensations. The efforts could energize and improve economic activities in the area as companies could plow back profits from their operations investing back in the society and generating jobs in the process. Some targeted sectors are agricultural, infrastructure, exports, aerospace, audiovisual structure, and ports.

Flavio Maluf states that other benefits the companies would have are free publicity and good reputation through their efforts in helping the community. Instead of using more money to advertise, their link in projects would speak louder creating an appealing situation for all.

Visit: https://www.terra.com.br/noticias/dino/conheca-com-o-empresario-flavio-maluf-alguns-mitos-e-verdades-a-respeito-de-ser-um-empreendedor,21991ecd7b49587604a2d972ecada3b6lz1vsqwr.html

 

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