Part A OK The goods and services tax is assessed at a single rate and is applied to certain specified goods and services. Despite the use of a single rate, this tax is criticized for being a regressive tax. What is a regressive tax? Explain how a tax that is assessed at a single rate can be considered regressive. Part B Describe the meaning of the term "person" as it is used in the ITA. Does this term have a different meaning under the GST legislation? Provide one example of an entity that would be required to pay tax under the ETA but not under the ITA