Alan Auerbach Notes Pitfalls of Value-Added Tax on Goods and Services

The New York Times, December 11, 2009 by Catherine Rampell
http://www.nytimes.com/2009/12/11/business/11vat.html?_r=1

“What really is the difference between prepared food versus nonprepared food?” said Alan J. Auerbach…. “You start having to split hairs, and that can become quite complicated.”