It is also used for its secondary effects:
punitive taxation, taxation used as an incentive (e.g. protectionist tariffs, environmental taxes to reduce pollution, sin taxes on gambling or drugs,
financial transaction taxes, Pigovian taxes), foreign
policy (tariffs), wealth redistribution (progressive taxation, negative income tax).
Provided coverage advice to an international insurance company in a matter where a Missouri jury awarded $ 355 million in compensatory damages and $ 35.5 million in
punitive damages against a
financial institution for a trust that was intended to fund «pre-need» funeral
policies that would cover all future funeral - related needs.