Flavio Maluf is a known entrepreneur whose ventures have to impact the society positively. He is the founder of an environmentally friendly company called Eucatex. His education and urge to create a difference has provided him opportunities to work with various industrial companies. His company is usually involved in the exportation. Therefore, he assists in the boosting of the economy by preserving the environment and through the taxation done in the exportation process.
The prosperity of any business venture in Brazil was difficult due to the high taxation presented. The idea to incorporate Fiscal Incentive Laws was a relief to many investors. It provides the chance for different organizations and companies to redirect the funds required for the tax to other projects benefiting the society. Some of the areas considered in the plans include the social, cultural, technological, scientific research and health programs among others. Read more about Flavio Maluf at ideamensch.com
Flavio Maluf became one of the investors who pointed out the need and importance of this type of taxation. He states that it wills a boost to the growth of the society both socially and economically. The projects will increase the growth of the available standards as it will create more job opportunities and improve the status of the country in general.
Fiscal Incentive Laws make the process of taxation easier. Although the amount does not lower, it helps to improve the image of the companies. It will also enhance their businesses as they use the money more strategically creating a positive image. In return, the markets widen bringing growth and thrive in the industry.
Flavio Maluf goes on to explain the types of incentives present. One of them is local tax incentives. The policy governing this type of motivation is considered depending on the region or location. It is granted to a company to undertake a project in given region which will benefit the growth of the region.
The public administration grants some of the tax incentives to specific companies. It aims to promote the growth of the companies for them to do more such as create more employment opportunities. It comes in different forms such as reduction, exemption, and compensation among others. Therefore, the incentive laws have helped the growth of businesses in Brazil.
Learn more: https://www.crunchbase.com/person/flavio-maluf