Labor’s proposal to overhaul negative gearing and capital gains tax has some design flaws but is better than the current system, according to leading economists who appeared before a parliamentary inquiry today. The first day of hearings was shaped by warring contributions from elated progressive groups, who argued the tax package would improve generational fairness, and furious business groups who …


The World Observer Media produces a daily online newspaper, a daily Arabic online newspaper and a monthly printed Arabic/English magazine and a weekly printed Arabic/English newspaper.
The World Observer Media’s mission is to entertain and educate all generation from the Ethnic Communities in Australia, who are interested in local, national and foreign information.