Flavio Maluf was born into a wealthy family in Brazil. His father is a politician and a renowned business man. Though he was born into a wealthy family he demonstrated through his efforts that hard work and excellent business skills have provided him the potential to succeed financially.
He started a business, Ecuatex, sustainability on natural resources. That idea came from seeing his great-grandfather, Salim who owned one of the largest Sawmills in Latin America. The mill was founded in 1940 and in the 1960s his uncle and father decided to use Sawmill Forest to make a wood fiber lining industry. This has inspired Maluf to make a company thatit was his natural resources in order to generate productive renewable forests. Read more about Flavio Maluf at Wikipedia.
Flavio Maluf argues that the new fiscal incentive laws are enforced in order to improve the economic and social development of Brazil. Maluf believe that it takes skill and good work ethic in order to develop a business and people may be misled by thinking that by owning a business they will be able to work less and earn more money. There are many tax burdens that make it difficult for entrepreneurs in Brazil to develop their companies and many are not in favor of new tax incentives that were introduced in Brazil.
Maluf wants to clarify that the new tax incentives or not given directly to the government. The new tax incentives will be invested in projects concerning the social and economic development of the country. The Investments that the companies will make while paying the new incentives may take form of compensation and tax reduction which will allow companies to invest the amount in their operations which may generate more jobs.
The new tax incentives may vary for each state and the municipality maybe state, federal or municipal. in order for the business to be able to participate in the new tax incentives the company must be taxed based on real profit. Thus, it may be a good investment to participate in the new tax incentives as it has intentions of improving who may be potential employees in the future. View: https://ideamensch.com/flavio-maluf/