Flavio Maluf points out that the proposed Fiscal Incentive Laws will give the companies the chance to directly channel a part of the money paid as tax to the projects under these new laws. These projects could be technological, health, cultural, scientific research and social programs. Through the legislation, the money will not go directly to the government but will be used for the betterment of the society. Flavio Maluf points out that the primary goal of the proposed legislation is to foster the country’s social and economic development. The tax incentive programs do not mean that the companies will spend less amount than the one earmarked for taxes.
The president of Eucatex companies insists that through the incentive laws, the companies will gain a position by linking their selves with either sports, social or cultural project. The best way the companies can do this is by sponsoring these projects. Flavio Maluf points out that there are regional tax incentives which are tax benefits given to the companies for setting up their businesses in certain regions. The main objective of these incentives is to promote the development of the said areas. Read more about Flavio at terra.com
Born into a wealthy and a political dynasty family, Flavio Maluf serves as the president of the Eucatex Companies. His father is a renowned businessman and a politician. Despite being born into a wealthy family, Flavio Maluf worked hard and made use of his excellent business skills to build his wealth and set up an empire. He holds a degree in Mechanical Engineering from the Armando Alvares Penteado Foundation. His desire and dream to be an entrepreneur compelled him to pursue business on a full time. In 1997, Flavio Maluf took over as the president of his family’s business. He also serves as the president of Grandfood.
Flavio Maluf began his business career in the late 1980s and worked in the Eucatex Group’s trade area. He later shifted to the industrial area, where he served up to 1996. Flavio was urged by his uncle, who was the company’s current president, to join the company’s executives. His support for the new tax incentive laws can be attributed to his vast expertise in creating the reputation of Eucatex both globally and locally. This was possible due to company’s approach of incorporating environmentally friendly practices into all activities of the company.