Taiwanese Receipt Lottery



Let me tell you about a brilliant piece of government strategy: the receipt lottery.


The government wanted to make sure that all businesses, even small ones, reported all of their earnings for tax purposes. So they devised the receipt lottery. Every receipt has a lottery number printed on it, and every 2 months there are new winning numbers. Prices are up to about 10 million NT, or 3 million dollars. Everyone plays, and people are crazy about holding onto their receipts. Even I have a big bag where I collect all of my receipts. And as far as strategy goes, people will demand a receipt for every single purchase. The additional tax revenue generated from keeping all transactions “above board” is more than enough to pay for the winning prize.




Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s