29 2016 Industry proposals The CNI document “Regulation and Cutting Red Tape: proposals to improve the business environment” contains 94 low fiscal impact proposals to boost competitiveness and help Brazil out of the crisis. The main proposals are: 1. Long-term macroeconomic adjustment and fiscal balance • Reduce public spending • Review the rules governing automatic spending increases • Pursue long-term fiscal balance, preventing measures that increase public spending • Reform social security 2. Taxation • Avoid the creation of taxes or the raising of existing tax rates • Simplify the tax collection system • Harmonize ICMS rules • Review PIS-Cofins contributions • Extend IPI and PIS-Cofins tax payment deadlines 3. Labor relations • Modernizing labor law • Respect and encourage collective bargaining • Regulate outsourcing • Review Regulatory Standard 12, which deals with the safety of machinery and equipment 4. Foreign trade • Pursue trade facilitation agreements with other countries and economic blocs • Make a priority of trade agreements with Mexico and the European Union • Do not recognize China as a market economy 5. Infrastructure • Create the conditions to ensure profitability and security for private investors in infrastructure projects • Step up the leasing out of public ports • Stimulate on-shore natural gas production • Review Petrobras’s role in pre-salt bids • Simplify environmental licensing processes • Establish new rules for regulators 6. Productivity and innovation • Preserve R&D support • Encourage the development of startups and small technology-based companies • Encourage training in innovation • Promote partnerships among universities, knowledge centers, and businesses
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