FlavioMaluf: Reforming the Tax Incentives

Brazil transformed into one of the strongest economies of the world today. However, the South American country is having an issue regarding its relationship with the international community of business people. The business people who wanted to invest in Brazil are complaining about the difficult task that is being imposed on them by the government. The business owners who wanted to come to Brazil and start up a business are starting to get intimidated because the government wanted more taxes, and it has risen recently to ridiculous amounts. This high rate of taxes in the country is hurting the local economy, as more foreign businesses are choosing other countries as a replacement for Brazil. Argentina is another South American country which greatly benefits from the loss of businesses in Brazil. They are lowering their income rates so that the investors would be attracted to go back. Learn more at mundodomarketing.com about Flavio Maluf

Flavio Maluf, the current head of the Eucatex Group, requested the government to study the condition of the tax rate where he is currently living in. He stated that if the country continues to impose higher taxes on international companies, they would have to expect their numbers to dwindle. Many investors have settled in Brazil, but most of them wanted to leave the country after they found out about its tax rate. The president of the Eucatex Group wanted the Brazilian government to listen to the woes of the local and the international business community and warned the government that destructive aftermath is waiting to happen if they would not give in to his demands.

Flavio Maluf insisted that the trade deals signed by Brazil are only putting the country into chaos. He pleads the government that before they proceed on doing another task, they would have to study well the positive and negative effects of imposing a higher tax rate. The government, on the other hand, cleared out that the society firmly needs the transactions they are working in. They explained that it would be too hard for the government not to collect taxes because it is one of their most fundamental tasks.

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