Explain Why the New Zealand 15% GST Is Viewed as Regressive

question 93

Essay

Explain why the New Zealand 15% GST is viewed as regressive.

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Definitions:

Amortized

The process of spreading payments over multiple periods, typically in context of a loan or mortgage, which includes both interest and principal components.

Compounded Semi-annually

Refers to the process where interest is calculated and added to the principal balance of an investment or loan twice a year.

Amortized

The process of spreading out a loan into a series of fixed payments over time.

Amortization

The method of distributing a loan across a sequence of consistent installments over a period.