FlavioMaluf was born into a rich family. His father is a politician and renowned businessman. Even though he was born into a rich family, he worked himself to the top. He graduated from the Armando AlvaresPenteado Foundation. This was after getting his degree in mechanical engineering. His desire to be an entrepreneur pushed him to pursue business full time. In 1997, Flavio took over leadership of the family business. He is Grandfood’s president.
In an article dated May 6, 2018, he talks about tax incentives and company benefits. He emphasizes that maintaining a live business in Brazil is difficult. This is because of the high tax burdens that one has to pay to the government. There are some tactics that work in favor of entrepreneurs. Tax incentives are one of them.
The Fiscal Incentive Law proposal’s goal is to allow companies to direct part of the tax value to projects. The projects could be social, cultural, sporting or technological. This way, instead of channeling the money direct to the government, it used for the benefit of the society. The motive behind this idea is to foster economic and social development. Learn more about Flavio Maluf at InfoMoney
Maluf further states that this program will allow companies to use money in a strategic way. The main benefit of the tax incentive is to give the company a positive name. It does this by associating it with social or cultural projects. If done well, the company will save a lot of money that would go to advertising.
He adds that regional tax incentives are also available. In this policy, companies in certain regions get incentives. Allocation of some incentives to companies bases on their field of operation. The aim is to stimulate the growth of a certain activity or industry. These can be in form of tax reductions, compensation, and exemption. Sectors that enjoy these incentives include IT, infrastructure and aerospace.
For each state and municipality, fiscal programs and incentives vary. They can either be federal, municipal or state. An enterprise’s taxation must get based on real profit in to benefit from tax incentives. Flavio Maluf warns that companies collecting taxes for presumed profit may not enjoy this.