Eucatex Group is led by FlavioMaluf who is the Chief Executive Officer. He joined Eucatex in 1987 in its trade area and later moved to its industrial area where he worked until 1996. A year later he became the company’s president.
Recently FlavioMaluf has been in the forefront discussing Fiscal Incentive laws which involved tax incentives. Tax incentives are a tactic for businesses to save them from the burden of paying hefty taxes to the government. These laws propose that companies can now use the value they pay as tax to fund projects stipulated in these laws. These Programs are meant to benefit the society, and they could be social, health cultural and technological. This means that the money doesn’t go directly to the government but instead helps the society. Follow FlavioMaluf on Twitter.
If these incentive laws are adopted, companies will have a positive image from the public because they can are associated with programs that help the society. Flavio explains that these laws do not state that companies will no longer incur they cost they use to pay taxes it only means that they will now be contributing to social and economic developments.
Brazil also has regional tax incentives which benefit companies in a given region. Flavio explains that tax incentives vary from every state and municipality. For a business to participate in tax incentives, it must be taxed based on real profit. If a business collects taxes from presumed or arbitrated profit, then the fiscal programs cannot work for them. The Public administration could also grant tax incentives to some companies to stimulate economic activity.
Flavio was born into a political and wealthy family with his father being a wealthy politician and businessman. However, Maluf has worked hard on his own to build his reputation as a successful businessman. Flavio holds a degree in mechanical engineering from Armando AlvaresPenteado Foundation.
Even with the prestigious degree, Flavio decided to pursue his passion in business by joining Eucatex a company that deals with furniture. Flavio describes himself as a busy businessman working over ten hours a day; he says that this is important for a business to thrive.