Definition of Tobin tax in English:

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Tobin tax

Pronunciation: /ˈtəʊbɪn taks/

noun

A proposed tax on international financial transactions, especially speculative currency exchange transactions.
Example sentences
  • 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.
  • Equally important is the question of whether a Tobin tax is feasible.

Origin

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

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