FlavioMaluf explains benefits of reduced tax rates on businesses

FlavioMaluf is a renowned businessman, he is the CEO at Eucatex, though from a wealthy family. Flavio has managed to create his legacy by upholding perfetion in his work and working towards his desires. His father is a political figure in Brazil and is also a successful businessman. Flavio pursued a Mechanical engineering course that has acted a stepping ground for his endeavors.

Before concentrating on his business, FlavioMaluf was fortunate to gain experience from his father’s company, where he worked since1997. His company Eucatex was inspired by his great grandfather’s sawmill, which was the largest in Latin America. The mill sourced their raw material from the eucalyptus tree, and since his business was in the line of constructing products, he decided to coin his company’s name from the eucalyptus tree. Read more on Business and Economics about FlavioMaluf

As a business person in Latin America, FlavioMaluf has been faced with his share of challenges, one of the difficulties Maluf addresses in a recent article is the high taxes imposed on businesses. Maluf believes that some measures can be put in place to ensure that companies do not suffer from the high taxes.

FlavioMaluf suggests tax incentives, according to Flavio Maluf, it is necessary for the government to put in place favorable tax conditions that ensure that both the companies and the government benefit. Flavio has been in the business sector for many years and recognizes the value of relating to people in the community. For companies to contribute to community activities such as sports reducing tax rates will help increase the awareness of the company, in turn, more returns for the company and this benefit trickles down to the central government.

Another reason why Flavio advocates for fiscal incentives is the ability for companies o provide more employment to citizens. Many years in the sector has allowed FlavioMaluf to conduct his research well and he understands the need for a country to have employed citizens. Once the government reduces tax rates in some industries, it will encourage more employment leading to national economic growth as well as international players in promoting economic growth.

According to Maluf, it is crucial to identify the strength of the market and research before placing rates. It does not matter how accepted your products are if you put high prices a business might not produce maximally. Read more :https://pt.wikipedia.org/wiki/Fl%C3%A1vio_Maluf

 

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