In Brazil, the rising tax burdens are adversely affecting entrepreneurs in a manner that prevents them from investing in more, instrumental businesses that would, in turn, give them more revenues. As Flavio Maluf addresses this issue, he is concerned about these entrepreneurs and is willing to go a step forward in making sure that they are catered to. As such, he recently published an article discussing how the tax burdens can be fixed by introducing incentives. According to the business expert, there is a lot to be achieved with the tax incentives. View Maluf’s profile on linkedin.
What of the New Law Proposal?
For instance, when the tax incentives are put in place, entrepreneurs will find it easy to invest in other projects that could be beneficial as well. Some of these projects include sports, healthcare services, technological projects and scientific research. Moreover, the money can be channeled to their business affiliates. As such, Maluf reiterates that this activity is not equivalent to the evasion of taxes. In fact, he goes on to insist that every business professional must observe the tax law and give to the tax department what rightfully belongs to the unit.
The Law and its Uses
Additionally, the Fiscal Incentive Laws are set to give businesses and companies the opening to direct their money to the benefit of the society. A more in-depth look at the tax incentive law indicates that Maluf is a champion of fostering economic growth in communities. Therefore, to him, this is a tax law that will help in the development of the country. As such, he is sure that the businesses will flourish instantly.
Advantages of the Tax Law
Furthermore, it is also critical to note that there are regions experiencing tax incentives already. As such, this law is an active policy that benefits most companies that have been granted the will to apply it. Moreover, Brazil is now one of the best examples of states that have instigated this law successfully. It is therefore imperative for others to follow suit by investing in the policy.
More on Flavio Maluf
A successful entrepreneur and business leader, Flavio Maluf is a dedicated individual who prides himself on being the head of Eucatex. Moreover, he has been using his leadership platform as a significant source of inspiration for most emerging entrepreneurs. For that reason, Maluf is admired for his input in Brazil’s growing business industry.