Ned Bittinger

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November 2018

Flavio Maluf’s Discussion About Tax Incentives

Flavio Maluf says that Brazil’s corporate income tax rate is so high that many entrepreneurs find it difficult to maintain a “live” business in Brazil. In fact, Brazil’s corporate income tax rate is among the highest in the world, the third highest in the world to be precise (34 percent). The United Arab Emirates has the honor of having the highest corporate income tax rate in the world (55 percent), followed by India (35 percent). Brazil’s high corporate income tax rate can deter entrepreneurs from maintaining a “live” business in Brazil. There are, however, Fiscal Incentive Laws enacted to encourage the development of business activities in the country, while at the same time promoting the economic and social development of the country. Read this article about Maluf at

Tax incentive programs comes in the form of sponsorships of social, cultural, or sports project. Sponsoring such projects allows companies to gain a positive image through nominal association with the sponsored projects. An additional benefit of sponsoring projects is that the gain in company recognition means that the company can spend less money on its advertising. In addition, there are also regional tax incentives available to prospective settling businesses to encourage businesses to settle in certain regions. Moreover, public administrations offer tax incentives, such as tax reduction, exemption, and compensation, to companies within certain sectors to stimulate a particular industry or particular economic activity.

Flavio Maluf is the Chief Executive Officer and President of the Euxcatex Group and began his employment with the company in the year of 1987. The Euxcatex Group was founded in 1951 and is in the business of producing various items used in the construction industry. These items include doors, flooring, insulation, panels, plastic and plant-based lining, paint, wood varnish, and partitions and building walls for pre-fabricated construction. The Euxcatex Group exports its products to 40 countries across the globe.



Carlos Alberto De Oliveira Andrade Brings Hyundai Factory to Brazil

Yearly, 179 Hyundai dealerships vie for the title “Distributor of the Year”. Brazil’s CAOA Group earned that title recently. This is the first time a distributor outside of Europe has been so honored.

In 1979 CAOA Group’s founder Dr. Carlos Alberto De Oliveira Andrade (Dr. Carlos) put money down on a new Ford. Before Dr. Carlos could take possession of his car the dealership went out of business. Dr. Carlos sought and received ownership of the dealership as compensation for his lost down payment. Suddenly, the respected physician was in the business of selling cars.

CAOA continued on as a Ford dealership. Within six years CAOA was the largest distributor of Fords not just in Brazil but in all of Latin America.

Before they began selling Hyundais in 1999 CAOA had added Renaults and Subarus to their inventory. During that period Renaults accounted for one-fifth of all cars sold in Brazil. After Renault canceled CAOA’s franchise one-ninth of cars sold in Brazil were Renaults. Dr. Carlos’ dealership increased total Subaru sales in Brazil threefold. Today, Hyundai is Brazil’s highest selling imported vehicle.

In 2007 Dr. Carlos Alberto De Oliveira Andrade spent $600 million dollars of his own money to build a Hyundai manufacturing facility in Anápolis, Brazil. That achievement garnered Dr. Carlos IstoÉ Dinheiro Magazine’s “Entrepreneur of the Year in Industry” award. Carlos Alberto De Oliveira Andrade chose the Anápolis site because it is centrally located to receive imported production components and export the plant’s finished product.

The manufacturer that Dr. Carlos built has received other accolades. IstoÉ Dinheiro magazine declared the Hyundai plant a “Good Doer Company”. That distinction recognizes the way the factory manages waste and contributes to reforestation. For three consecutive years, “Carta Capital” a weekly magazine has given the plant “Most Admired” status.

In 2014 the JD Power Institute ranked the CAOA Hyundai dealership first in client satisfaction. Recently, a Research and Energy Efficiency Center (CPEE) was added to the CAOA factory. CPEE is the most comprehensive facility of its kind in Latin America. The $40.3 million research center was built entirely with money from CAOA.

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Guilherme Paulus – The Billionaire In The Tourism Sector

Guilherme Paulus is a Brazilian international, and an entrepreneur knew in the global sector. He is the one who advises in a company of CVC Brasil and GJP Hotels and Resorts. The hotels are based in Brazil. The brand hotels and resorts are located all over the country. In the past, he worked in an internship at IBM. He worked there when he was 20 years.

The GJP Hotels and Resorts have over twenty hotels and resorts in Brazil, in the statistical analysis. They are in Maceió, Recife, Salvador, São Paulo, and Rio de Janeiro. The GJP Hotels and Resorts have an employment capacity of over five thousand employees in number.

Guilherme Paulus was included in the Forbes billionaires list due to his tourism achievements in the Brazilian countryside. He founded CVC Brasil Operadora e Agencia de Viagens S.A. in the early 1970s.

He had a partnership with another politician. However, he left him a couple of years later. This didn’t make him lose hope since he made the company to become one of the largest Latin America’s largest tour operator.

In the early 2000s, an organization called the Carlyle Group bought the CVC by a price of approximately $420 million. When Guilherme Paulus founded the GJP Hotels and Resorts, he made the hotels to be nearer the airports of Brazil.

This made him have an advantage in the year 2014. The year 2014 was when there was the FIFA World Soccer Cup. Brazil plus Guilherme Paulus expected a high number of tourists. In the year 2016 was another fantastic year. There was the 2016 Summer Olympics.

He was monitored and ranked as a billionaire. He has a net worth of $1.1 billion.

Guilherme Paulus is one of the billionaires in Brazil among the tourism sector. Since he runs the business all by himself, surely he is a great man to look like a role model. The Carlyle Group bought at a stake of 63.6% for the CVC. He is a man who lived a great lifestyle right from the day he was 24 years up to now.

Follow Guilherme Paulus on LinkedIn

Shervin Pishevar’s Epic Tweetstorm Raged Across The Planet

As a young man Shervin Pishevar seemed well on his way to a brilliant career in medical research, but he took an early detour to get involved in high tech entrepreneurship. Certainly, his contributions to the high-tech sector can also be called brilliant.

The first success stories of Shervin Pishevar were, WebOS, SGN and HyperOffice. He founded all of these companies. That alone would have made the career of any man, but it was just a warmup for this young man.

Today the name of Shervin Pishevar is associated with some of the most stellar success stories in recent years. He was the co-founder of Hyperloop and Investment company. As an angel investor he backed Uber, Airbnb, Warby Parker and Uber Series-B. Again, that’s just to name a few.

So when Mr. Pishevar — a living legend — recently let loose with a massive Tweetstorm that rolled out dozens of meaty thought about an array of topics, thousands of people stopped everything and followed along.

Mr. Pishevar covered more than a dozens areas. These included stock market predictions, the fate of Silicon Valley, the future of Bitcoin, the strange absence of inflation in the U.S. economy and much more.

He also chided President Trump for engaging in too much “cheering” of the rising stock market throughout 2017. Mr. Pishevar said it is improper for a President to make noise about what the markets are doing. He said the market should be allowed to, “do their work.”

Shervin Pishevar had harsh words for a cadre of American tech-sector giants, including Microsoft, Apple, Facebook, Alphabet and Amazon. These companies have become so large and powerful, he said, they are effectively monopolies. As such, they do much to stifle new innovation and crush the hopes and dreams of young and hungry entrepreneurs.

Perhaps a more positive note was struck on inflation — or lack thereof. Shervin Pishevar suggested that the United States has been essentially “exporting” its inflation to other nations via trade policy.

Whatever the case, it’s clear that when a man like Shervin Pishevar Tweets, people pay attention.

Sandy Chin: The Benefits of Mentorship

Sandy Chin is a portfolio manager. For over 20 years, Sandy has been selling/ buying stocks for people and companies. In 2016, she launched Tidal Bore Capital, which is a hedge fund. Her startup allows management of capital using the bottom-up analysis. Before Chin started her hedge fund, she worked for various companies. One of those companies was SAC Capital Management where she played the role of senior analyst.


Another company where Sandy Chin plied her trade was Visium Asset Management, where she learned to manage hedge funds. She also served as the senior analyst and Vice President at Neuberger Berman. Other companies where Chin worked before include Moore Capital Management, Bank of America, and Donaldson, Lufkin & Jenrette (DLJ). She would meet William “Bill” Leach, her mentor, at DLJ.


Chin then spent ten years under Bill Leach’s mentorship. She would learn, study, and collaborate with him in her work. That period enabled her to hone her analyst skill set. She even co-founded Tidal Bore Capital with Bill. It was a team reunion since the two had separated for six years while working in different firms.




In a recent interview, Sandy Chin gave an insight into the time Leach mentored her. When asked how she established a relationship with her mentor, Chin stated that at first Leach hired her to cover food stocks at DLJ. She realized that Leach was incredibly knowledgeable as he was a top ranking analyst with years of experience.


Chin’s work at DLJ involved attending meetings conferences/ meetings with her mentor. Her tagging along enabled her to get a valuable education about valuing staple stocks. She learned how to raise questions and search for pattern recognition in tone, body language, and the answers given by management companies. When Leach was starting, his analyst had instructed him to hone his learning skills by watching how company managements behaved. It was something that required him not to carry a pen and paper to meetings.


At DLJ, he was passing down the same skills to Sandy Chin. Leach took Chin with him on a learning journey. They remained a team during stints in three different companies. Through dedication and professionalism as a teacher/ mentor, Leach was able to pass down the essentials of the trading industry.


Chin says that Leach has taught her valuable lessons that have enabled her to get to where she is. She recommends every young person to get a mentor because it can be what saves your career. A supportive mentor will help you rise while avoiding the pitfalls.


Rick Cofer Unparalleled Contributions to a Cleaner Austin

Waste management continues to be a global movement for a safer and a better world. Austin City Council is one of the few city councils in the world to legislate on waste management. Zero Waste Plan, which is a blueprint on a sustainable waste management, has been termed as a visionary way to a better Austin. The initiate is incomplete without mentioning Rick Cofer. Cofer has not only given the initiative unparalleled leadership but he has also been part of the team changing perceptions about waste management.

Through Rick Cofer leadership, there has been some notable development beyond legislation and awareness. As the chairperson of the initiative, Cofer and his team have been able to push for funding of waste management initiative around the city council. Although the budget proposals by Cofer and his team are still in the proposal stages, it is a huge step towards a cleaner and healthier Austin. Regardless of the funding option the city council adopts, Rick Cofer and the task force are opportunistic of a full functional recycling entity in the city and recurrent cleaning initiatives. Even without the above, the Austin city council is cleaner now than it was before.

On top of being a committed member in the Austin community, Rick Cofer is part of the vast legal fraternity in Austin. Apart from being a successful defense attorney and a prosecutor in the early days of his career, Cofer has changed his career direction. In the past 24 months, he became part of history by opening The Law Office of Rick Cofer. Through this new entity, Cofer is specializing in different niches of law. For example, he is practicing juvenile and family law, DWI, and all cases revolving around drug possession. These cases have given him another new insight into the life and the impact he can bring to his community.

Apart from being a successful attorney and being part of the brilliant environmental campaign, Rick Cofer has other interests. He is passionate about humanity and other range of human interests. As part of his strong beliefs of the value to human life, Cofer is passionate about his community drive to eradicate homelessness. He is also a visible part of conservation campaigns around his neighborhood and more important part and supporter of Kind Clinic. In all these capacities, Cofer has been able to serve in different capacities, both local and at the national level. It is also important to note that he is a dedicated member of the Democratic Party.


Krishen Iyer Launches New Insurance Leads Firm In California

Krishen Iyer is an entrepreneur in the insurance industry. A product of San Diego State University, he has developed companies that help insurance agents in California increase their number of sales and clients. He owned and operated one insurance marketing firm, for several years which was IHS Insurance.

His latest firm, based in Fresno, started out as Quick Link Marketing. He soon changed the name to Managed Benefits Services, though, and leads his team at the chief executive officer. The two things that lead generating companies in the insurance industry are notoriously known for among insurance agents is providing ones that are out of date and sold to far too many competing agents. Krishen Iyer decided to solve this problem with his new company.

Managed Benefit Services gets leads from the companies that generate them. He then has them run through his online platform which analyzes and grades them for accuracy and timeliness. These are sold to insurance agents to contact these people while Krishen Iyer makes sure each lead isn’t sold to too many agents. It’s a win-win for his clients and the leads they are trying to contact to sell health and dental insurance policies.

Established in June 2016, Managed Benefits Services was profitable ahead of target, Krishen Iyer relates, although he didn’t set an overly aggressive goal. His company provides its services to insurance agents across California. He wanted to be profitable within two years and that target was met.

He also offers online marketing and consulting services to insurance agents, helping them grow their agencies through ways other than contacting leads. He develops online marketing campaigns for them which involve advertising and emails. Krishen Iyer says that helping him in these endeavors is a natural curiosity and wanting to learn something about pretty much every topic he comes across.