TOBIN TAX Definition & Meaning

Tobin tax

/ ˈ��əʊ��ɪ�� /

noun

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

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51�Թ� History and Origins

Origin of Tobin tax¹

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

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Example Sentences

Examples have not been reviewed.

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

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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.

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

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

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

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Tobin tobira

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