FlavioMaluf Gives Tax Incentives Insights For Businesses

Many entrepreneurs might not consider establishing a business in Brazil due to the tax burdens. Flavio Maluf, the President of the company Eucatex, indicates that some tactics can help entrepreneurs overcome the thought of tax burdens. There is a proposal currently in place to address this situation.

A Fiscal Tax Incentive program has been proposed, and the idea is to allow businesses to use money that would have been earmarked for tax payments and instead direct this money to social projects. The money would not go directly to the government but instead would help fund scientific research, health programs, sporting events, and technological advances. This money would help the projects and give the economy a boost. Plus, it would encourage social development. View flaviomalufofficial.com

Of course, businesses will still have to pay, but it will now be used to sponsor social and cultural projects that would not only benefit Brazil but help the company. Flavio Maluf believes that the benefit of this program is in associating the companies name to the sponsorship of the social or cultural projects. It would help the companies public image and improve its standing within the community. Flavio stresses that the business owner should think of this cost as a saving in advertising expenses.

Entrepreneurs who are trying to decide if they want to establish a business in Brazil should also take into account that Brazil offers other incentives. There are incentives that are offered by region, state, federal, and also public administration incentives. There are several regions within Brazil that offer tax incentives to encourage entrepreneurs to establish businesses there and create jobs for the local population. The people who find work at these businesses will then spend the money they earn at other local businesses, and this will uplift the local economy. The public administration offers additional tax incentives to companies that operate in certain business sectors, and the incentives can take the form of tax exemptions, compensation, or tax reductions. Typically the companies that get public administration tax incentives operate in fields that will create jobs and boost the economy like information technology, export companies and the agricultural field. View: http://www.barbacenaonline.com.br/noticia/saude/flavio-maluf-e-o-novo-diretor-da-santa-casa-de-barbacena

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