Taiwanese Receipt Lottery

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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.

 

Mwahahahahaha.

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