Taiwan turns shopping receipts into lottery tickets: Every receipt becomes a chance to win nearly Rs 3 cr; this 1951 idea increases tax revenue by 75%

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Taiwan's ingenious receipt lottery, launched in 1951, transformed tax collection by incentivizing consumers to demand official bills. This low-cost initiative, linking purchases to a nationwide draw with substantial prizes, effectively curbed underreporting by small businesses. The program dramatically boosted tax revenue by 75% in its first year and continues to engage a vast majority of the population, proving a successful model adopted by several other nations.