Definition of Tobin tax in English:

Tobin tax

Syllabification: To·bin tax
Pronunciation: /ˈtōbin ˌtaks
 
/

noun

A proposed tax on international financial transactions, especially speculative currency exchange transactions.
More example sentences
  • Critics argue that these problems make the Tobin tax infeasible.
  • The French National Assembly passed a resolution in November supporting the Tobin tax on international financial speculation.
  • First, the extent of avoidance will depend critically on the design of the Tobin tax.

Origin

1980s: named after US economist James Tobin (1918–2002), who first proposed this type of tax in a 1972 lecture.

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