Should business be allowed to have greater input into Federal Cabinet meetings?

Small Businesses and Federal Cabinet Meetings

The federal cabinet meetings is one of the functions of the government of Australia that is responsible for discussing current issues that affect the running of the country . One of the issues that are also discussed is the economy of the country and the way local and international businesses contribute to the Australian economy . The people who sit at these cabinet meetings may not be in position to handle all issues affecting the business hence will not solve them effectively . The problems that affect the business

community according to the Business Community of Australia include taxes , energy prices corruption , infrastructure among others . This therefore calls for greater representation at this level especially for business executives and trade organizations (Fulton , 2000

Australia is one the countries of the world with a developed economy which supports a large portion of its population through formal employment in the industries such as the manufacturing , service agriculture , mining , transport and energy depending on the region where primary resources are found . To run all these sectors require a very strong cabinet Regional Australia has experienced some of the most significant changes when it comes to its unemployment and employment rates over the last ten years . This has been attributed to the fast growing economy and the changing value of the Dollar (Cohen , 2003

Trading in Australia is considered one of the best developed in the world and it contributes to the high GDP growth rate it enjoys . The employment rate in most industries is varied depending on the amount of growth potential it can offer to the population . Australian economic growth is on the positive side this year compared to what was achieved 2006 . The main drivers of this economy are the fact that external and internal business opportunities had grown extensively . This growth had improved despite being affected by a severe drought , and it is expected to continue with an estimated growth rate GDP of 3 .75 in the 2007 /08 going up from 2 .5 in the 2006 /07 . Economic growth rate in the year 2007 /08 is expected to increase because of a recovery from drought increased exports and an increment in business investments . The Australian economy is responding well to global economy and changes in the way governance is being conduced at the cabinet . Since the introduction of the new tax system in 1999 by John Howard which has become extremely costly to businesses

The Australian government has imposed more than 56 different taxes on businesses within the states . The worst and costly of them is the 23 federal taxes imposed by the federal government . The state and other territories have also imposed their own 33 different taxes while the local governments have been able to add in their own 2 different local taxes . Compared to the UK where the same study has showed that a business is only subjected to 22 different types of taxes and the economy of this country is almost three times...