The chief executive officer of the Eucatex Group, Flavio Maluf has shared his insights about the tax incentive program that the government wanted to impose. For many years, Brazilian business people have been complaining about the excessive amount of taxes that are being collected from them. Adding to their frustration is the realization that the government of Brazil is corrupt, and there are no concrete results to the taxes that they are paying. However, as the new administration in Brazil is taking over, business people are promised that a tax incentive could be introduced. Most Brazilian business people welcomed the tax incentive proposal, and they wanted to have it signed into law as soon as possible. Read more on Business and Economics about Flavio Maluf
Flavio Maluf clarified to the Brazilian business people that what the government wanted comes with a condition. He revealed that the government of Brazil wanted the private companies to help them with their projects, and the new administration has just shown the infrastructure projects that will be implemented this year. Flavio Maluf stated that the Eucatex Group is ready to help the Brazilian government with their plans of building more infrastructures and civic centers for the public. He added that giving the Eucatex Group a tax incentive would allow them to generate more profit while at the same time, being able to help the government with their visions.
Another thing that he pointed out is that with the introduction of a tax incentive law, foreign investors would start considering Brazil as a new destination for investments. A tax incentive law would attract thousands of businesses overseas, and it would improve the country’s economy significantly. However, before Brazil could do that, the country must finish all of the infrastructure projects first, or at least, improve it for the business owners to use. The country has considered a tax incentive law for so long, but they could not implement it entirely because of the fears that it might affect the country’s economy. However, the current administration ruling the country is confident that introducing a tax incentive would be more advantageous to Brazil, opposite to what the critics are saying.