For most entrepreneurs in Brazil, running a business is a complicated issue because of the high tax burdens. Moreover, the tax burdens have of late continued to hurt their businesses in many ways. However, there are tactics that they can use to survive this crucial plague that has often affected them. In the opinion of Flavio Maluf, this is a tax incentive proposal that can always work for the betterment of the entrepreneurial projects.
A Look at the Proposal
As a business enthusiast who has been in the industry for a decade or so, Flavio Maluf is pleading with the tax authorities to introduce incentives for entrepreneurs to have an easy task while establishing their businesses. Besides, he says that the proposal of Fiscal Incentive Laws will give most companies and firms the chance to direct their part of revenue generation to projects that would instead support their income generating ventures. For instance, he explains that these projects can be solely social based including scientific research, education, sporting, and health programs among others.
Why the Tax Incentives?
For Maluf, these incentives should not be an excuse for business professionals to default from paying their dues to the government. On the contrary, they should be encouraged to part with some relevant amount that can help grow their businesses as well. Therefore, he insists that entrepreneurs must understand the value of paying their taxes on time. Moreover, the primary idea is to enhance economic and social growth in the community.
Benefits of Tax Incentives
Additionally, it must be duly noted that there are plenty of local tax incentives where entrepreneurs can immensely participate. In fact, these regions have granted their companies to participate in the tax incentives to enable them to be involved in other developmental projects. The measurable objective is to enhance development in the Western region.
More about Flavio Maluf
Mr. Maluf’s career began in 1987 where he was absorbed by Eucatex Group, a prominent construction company in Brazil. From t then, he has been involved in major industrial projects that have intensely contributed to the development of various businesses. More than that, he has been a great author of helpful articles that help business professionals to make the right investment decisions. View: https://ideamensch.com/flavio-maluf/