Tobin tax

British  

/ 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

---

Etymology

Origin of Tobin tax

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

Example Sentences

Those who wish to tip their hats to a Nobel-winning colleague might instead discuss a Tobin tax.

From BBC • May 19, 2017

Not that it was likely anyway but now as controls tightened, China plans Tobin tax.

From The Guardian • Mar. 15, 2016

So let trading costs rise again, if the Tobin tax would really lead to that.

From New York Times • Feb. 6, 2013

It is sometimes called a Tobin tax after James Tobin, the Nobel Prize-winning economist who first suggested the idea in 1971.

From BusinessWeek • Aug. 17, 2011

Efforts to agree on a global tax or levy on banks to pay for bailouts are also facing an uphill battle with Strauss-Kahn on Wednesday effectively ruling out a so-called Tobin tax on financial transactions.

From Reuters • Mar. 17, 2010