Tobin tax

(redirected from Tobin Taxes)
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Tobin tax

(ˈtəʊbɪn)
n
(Economics) 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
[late C20: after James Tobin (1918–2002), US economist who proposed it]
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
Even European politicians offering to control the financial system with measures such as Tobin taxes lowered their expectations.
"And if increased capital requirements are insufficient I am happy to consider taxes on financial transactions - Tobin taxes."
In the presence of rumors, taxes on international financial transactions (Tobin taxes) reduce the variance of the domestic interest rate, while leaving its mean unchanged.