Flavio Maluf: An advocate of Tax Incentives

The type of entrepreneurship and quantity are directly influenced by the corporate income taxation. This in turn directly impacts the country’s social and economic development. In Brazil, it is clear that the high corporate income tax rates have an adverse impact on the rate at which the businesses are being established in the country. The increased corporate rates lead to an increase in the capital needed to set up a new firm. The policymakers in the country are now advocating for a reduction in tax rates so as to favor new firms. One of the key players in this quest is Flavio Maluf, who is the CEO of the Eucatex Group.

In his views, Flavio Maluf points out that it is difficult for the majority of the companies to maintain their businesses due to the ever-increasing tax burdens. He asserts that the government needs to come up with tax incentives that will encourage people to set up new companies in the country. As the leader and Chief Executive officer of Eucatex, Mr. Maluf hopes that his proposals regarding the tax issue will sway the government into implementing the tax incentives for the entrepreneurs. View crunchbase.com to learn more

The Fiscal Tax Incentive Laws hands the companies the opportunity to divert some of the revenue to several projects that are under the regulations. These projects are meant to promote the social and economic developments in the country. Some of these initiatives include the social projects, cultural projects, health programs and technological programs among many others. Through these incentives, the money will be used to develop the society instead of going directly into the government. This does not mean that the firms will be exempted from paying taxes, but they will be able to enjoy tax rates that are standardized.

Flavio Maluf is a well-known businessman. He comes from a political dynasty and wealthy family. He chairs Eucatex which is one of the biggest manufacturing company in Brazil. He holds a degree in Mechanical Engineering from the Armando Alvares Penteado Foundation. He joined the company in 1987 and later joined the company’s executives in 1996. Flavio Maluf became the company’s leader in 1997. He talks to new firms regarding business and on how to make it in the entrepreneurial world.

Learn more: http://www.barbacenaonline.com.br/noticia/saude/flavio-maluf-e-o-novo-diretor-da-santa-casa-de-barbacena

 

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