Tobin tax

/ ˈtəʊbɪn /

noun

1. a proposed tax on foreign-exchange transactions intended to discourage destabilizing speculation while also raising large revenues that could be channelled to the developing world

Word History and Origins

Origin of Tobin tax¹

late C20: after James Tobin (1918–2002), US economist who proposed it

Example Sentences

"In Europe it is stilled called the Tobin Tax," said Wolff.

From Salon

The financial transactions tax, known as ‘Tobin tax’, is another European project, led by the German government, and is expected to raise 850 million euros next year in Spain.

From Reuters

The Cabinet agreed at its weekly meeting to adopt the so-called Google tax and Tobin tax.

From Washington Times

Other EU countries, such as France, Italy and Belgium, have already passed a Tobin tax.

From Washington Times

Other EU countries, such as France, Italy and Belgium, have already passed a Tobin tax.

From Seattle Times