Flavio Maluf is an ambitious businessman, and despite being born in a prosperous, wealthy political dynasty, he put himself out there and has built an empire. Flavio Malufis an innovative businessman and is focused on striving towards perfection every day and beating even his standards.
Flavio Maluf has also encountered business hurdles, and he gives his insights on how high taxes imposed on business through incentives. Flavio Maluf is the president of Grand food and Eucatex a company he founded supplying environmental friendly Eucalyptus products for civil construction and use by companies. Flavio Maluf applauds putting to the table the option of Fiscal Incentive Laws could give companies room for redirecting the value of the taxes they pay to legislation projects that contribute to development in the society. Flavio Malufis of the opinion that directing the cost paid taxes to programs such as cultural, health, social, sports scientific and technology would spearhead growth across the country. Read more about Flavio Maluf on Crunchbase
Also, Flavio Maluf points out that companies would not be evading paying taxes in any form, but the funds are used more strategically. The companies will also be associated with projects that contribute positively to the economic and social development thus going a long way to cutting down spendings on advertising for the respective industry. In Brazil, there exist local tax incentives that aim at benefiting companies that have settled in a given region, and a good example is Manaus Free Zone that was started in 1957.
Also, Flavio Maluf indicates that the public administration provides tax incentives to organizations that operate in a specific area with the objective of enhancing a particular industry or an economic activity in the area. The incentives offered by the public administration are in various forms such as compensation, exemption from tax and a reduction of the tax levied on the company. Incentive laws will benefit sectors such as agriculture, infrastructure, information technology, export companies among others. The tax and fiscal incentives tend to differ among state and municipality and for businesses that would want to take part in the incentive laws, they would be taxed according to their profits.