In Brazil, most start-ups fail because of cash flow issues. Likewise, 82% of most businesses are funded by the owners or family and friends. The two facts indicate that entrepreneurs must take advantage of every opportunity that legs up as a financial docket. With that said, the tax season is always draining the pockets of entrepreneurs not only because of the confusion it comes with but also the high burdens imposed on entrepreneurs. It has become increasingly impossible to determine who should be charged or how much should be charged. However, one fact still holds a strong position in the industry; that the Brazilian tax season should be revisited especially for the sake of entrepreneurs who need an incentive. Follow Flavio Maluf on Twitter.
Flavio Maluf, a famous entrepreneur who hails from Brazil, talks about the Brazilian taxes and how they have affected entrepreneurs. He states that most entrepreneurs cannot substantiate their profits because they have to part with hefty amounts in the form of tax.
Supporting Tax Incentives
Maluf is very supportive of the Fiscal Incentive Laws. He says that this is the significant way towards boosting businesses and allowing entrepreneurs to reclaim their loss as, through more savings, they will be better positioned to invest in research programs, health programs, social and technological advances. To be candid about it, he adds, entrepreneurs, do not have to evade tax in any way. Instead, the money they have been spending on the government should be directed to useful projects that will, in turn, empower the community. That way, it will be a win-win situation for entrepreneurs and the government.
Looking into the Benefits
Maluf is also keen on observing that the tax incentives may not be everyone’s cup of tea. However, and he reiterates, this is going to be a revolutionary move that will support many businesses especially by expanding their territories and creating stronger operating platforms.
Why is FlavioMaluf?
Flavio Maluf has been in the industry of entrepreneurship for some time. He is the chief financial officer of the famous Eucatex Company. Because this firm deals in the manufacture of construction materials and is one of the best in Brazil, Maluf has always been challenged to offer competitive services. View: http://www.barbacenaonline.com.br/noticia/saude/flavio-maluf-e-o-novo-diretor-da-santa-casa-de-barbacena