Flavio Maluf is tee president of an environmentally friendly company located in South America. Having acquired his skills and knowledge, he has grown to be an entrepreneur with a difference. His company exports products to many places at the moment although it started as a small business. Through his education and other skills, he has had the privilege to join the industrial company where he has used the channel to create an impact in the society.
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The establishment of any company in Brazil is not an easy task due to the current high taxes paid to the government. Therefore, for Eucatex company it has thrived due to the laws presented precisely the Fiscal Incentive Laws. These laws give the companies the opportunity to redirect some of the value they pay as a tax to social, cultural, technological and health projects which purpose to develop the society.
According to Flavio Maluf, the President of Eucatex, the value of the taxes directed to these projects improve the image of the companies and at the same time make the companies provide a positive impact back to the community. Moreover, it may act as an advertising venture for any company which follows the Incentive Laws leading to growth in the economy in the long run.
Furthermore, there are some tax incentives which are granted to the various regions. The projects ensure people can develop themselves from their different locations. Also, there are incentives which are granted by the public administration to various companies depending on their specialization. The incentives come in different forms which will benefit the companies regarding growth as well as when they try to create job opportunities for the people. It is a way which enables the companies to grow to other levels as they grow with the community.
The Fiscal Incentives have proved beneficial to many people. Flavio Maluf sees this venture as a channel for companies to grow and expands their companies. It has enabled some companies to start other projects which enable growth in the industries which have business gaps. Therefore, Flavio Maluf is one of the investors who approve this move by the government.