Análise dos programas de incentivo fiscal do estado do Rio Grande do Sul Fundopem/RS e Integrar/RS para uma cooperativa do Corede Nordeste

This article has for objective to analyze the importance and the effectiveness of the fiscal incentives Fundopem/RS and Integrar/RS of the state of Rio Grande do Sul, in Brazil, through the impact generated in the cash flow in the project of expansion of a cooperative located in the North of the state for to agriculture industrialization of the corn in its transformation in syrup for one industry of candies. It was verified that the fiscal incentives present significant positive impacts measured for the indicators economical financiers of the Intern Return Rate (IRR) and Net Presente Value (NPV). The wealth generated by the project of investment of 40 million of reais, without the fiscal incentives, it measured for NPV was of R$ 90.629.555,89, with a profitability measured by IRR of 36,26%, considering an opportunity cost from 8% a year. The framing in Fundopem/RS benefits the company with the generation of an extra wealth of R$ 9.920.051,72 (NPV of R$ 100.549.607,61 and IRR of 46,13%) and the framing when Integrar/RS, generates an extra wealth for the partners of the cooperative would be of R$ 16.829.708,60 (NPV of R$ 107.459.264,49 and IRR of 46,47%).