Flavio Maluf- the CEO of Eucatex Elaborates on Tax Incentives
The Brazilian government has imposed huge taxes on businesses making it a challenge to maintain a business in the country. The CEO of Eucatex, Flavio Maluf, however, believes that tactics such as tax incentives could ease this burden.
Flavio Maluf graduated with a degree in mechanical engineering from Armando Alvares Penteado Foundation. His career began in 1987 at the Eucatex Company. He indulged in trade then moved to the industrial branch. In 1951, Eucatex South America Industria e Comercio was founded. In 1996, through encouragement by his uncle, Flavio Maluf joined the executive tier. His passion, however, lies in business. In April 2005, he was granted the presidency and has since shaped the company into what it is.
Mr. Flavio Maluf chairs the Board of Executive Officers at Eucatex. He is the Vice President of the Board at Eucatex S.A Industria e Comercio. Mr. Maluf is also the Vice Chief Executive Officer of Eucatex Trading e Engenharia and the Chief Executive Officer of Eucatex S.A QuÍmica e Mineral. Follow Flavio Maluf on Twitter.
About tax incentives
Companies, through the Fiscal Incentives Laws proposal, are getting a chance to direct a share of the amount they pay in taxes to ventures contemplated by these laws. They could be social, cultural, technological, sporting, health programs or even scientific research. This way the funding is used to serve the community, reports Mr. Maluf. The general idea is to boost the economic and social progress of the country. Moreover, the public administration also grants tax incentives to some companies due to their area of operation. This is to STIMULATE a given industry or particular economic activity. These incentives can be in the form of tax exemption, reduction or compensation.
The Fiscal Tax Incentives
It is critical to note that Fiscal and Incentive programs differ with every state and municipality. They can either be municipal, state or federal. Also, the company must be tax based on actual profits in order to be part of tax incentives. Flavio says that if the enterprise gathers taxes for supposed profit, it cannot use this form of incentive.
Flavio Maluf is a successful businessman whose ideologies revolve around exploration, seeking new approaches and taking risks. He strives to understand the needs of consumers while growing the company’s reputation. Eucatex boasts of being the first environmentally-friendly company to be stocked in the American Home Depot.