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Over in mainland China, lotteries are used for a different purpose: tax compliance.
Chicago Part District, $50 million of 2002 corporate purpose tax anticipation warrants.
Revenue bonds are backed by specific revenue streams from license fees, tolls, rents or special purpose tax assessments.
Zimbabwe introduced an AIDS levy in 1998, and it became operational in January 2000, when a 3% earmarked (or special purpose) tax was imposed on employers and workers.
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Regional governments for that purpose use tax mechanisms, improve customs service, and invest in infrastructure.
The administration also wants to create an all-purpose, tax-free saving plan -- the Lifetime Savings Account -- which could be used for any purpose, including retirement savings.
The rest comes from levies assessed by counties, municipalities, Indian tribes and special-purpose taxing districts funding mass transit, urban renewal and even stadiums.
Transactions with no purpose except tax avoidance are shams under the law and can be disregarded, both appeals courts said.
The ruling greatly narrows the sort of deals that the Internal Revenue Service can disallow as having no purpose besides tax avoidance.
Yet the whole purpose of tax havens is to allow the wealthy to hide behind a wall of secrecy legally.
These companies, which are based in Panama and the Virgin Islands, exist for the sole purpose of tax evasion, they added.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com