Flavio Maluf’s Solution to High Tax Burdens
Brazil can be a tough place to maintain a live business. The high tax burdens often cause many entrepreneurs and businessmen and businesswomen to call it quits. Many have just accepted that this is what it takes to have a live business in the country because the government has to be paid. Businessman Falavio Maluf has come up with something that’ll take a lot of the pressure off entrepreneurs however. Flavio Maluf is a businessman and serves as president of Eucatex. He proposes that the government provides tax incentives.
Fiscal Incentive Laws will give companies more control over the value they pay in taxes. This allows companies to direct their tax dollars to projects that’ll directly affect society instead of giving it straight to the government. The proposal can be very beneficial as it would most likely promote economic and social growth throughout the nation.
Companies will still have to pay taxes however. Tax incentive programs do not make them exempt from that. They would just have more of a say about where it’s going. Flavio Maluf thinks companies can vastly increase their exposure and improve their image in the media by sponsoring certain projects. This would also be beneficial for the advertising industry. Follow Flavio on Twitter
Certain companies received tax incentives from the public administration for various reasons. Usually it has to do with their location. By doing this the public administration can push a particular industry in the right direction. Tax incentives come in all shapes and sizes. The most common form it takes is tax reduction. This saves companies a lot of many which they can then turn around and invest back into the company, creating more jobs in the long run. Many sectors can attribute much of their success to incentive laws. Flavio Maluf may have just solved a huge problem.
About Flavio Maluf
Flavio Maluf is a very accomplished businessman. He began his career more than 30 years ago and is still going strong. Many people know him as the president of Eucatex. He joined the company in 1996 and the rest is history.