Share this entry

Tobin tax Syllabification: To·bin tax
Pronunciation: /ˈtōbən ˌtaks/

Definition of Tobin tax in English:


A proposed tax on international financial transactions, especially speculative currency exchange transactions.
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.


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

Definition of Tobin tax in:

Share this entry


What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day innocuous
Pronunciation: ɪˈnɒkjʊəs
not harmful or offensive