Definition of Tobin tax in English:

Tobin tax

noun

  • A proposed tax on international financial transactions, especially speculative currency exchange transactions.

    • ‘Critics argue that these problems make the Tobin tax infeasible.’
    • ‘Unfortunately, much of the opposition to a Tobin tax partakes of such a surrender.’
    • ‘A Tobin tax would also reduce the power financial markets have to determine the economic policies of national governments.’
    • ‘A Tobin tax in particular should be considered.’
    • ‘This result reveals the win-win public finance character of the Tobin tax.’
    • ‘The author revisits the controversies surrounding the Tobin tax.’
    • ‘The proposal for a 'Tobin tax' on international financial speculation is gaining widespread support.’
    • ‘A Tobin tax imposes a small cost on transactors, giving them reason to substitute into different financial instruments.’
    • ‘The correction of negative externalities provides one economic justification for the Tobin tax.’
    • ‘A modest Tobin tax should be levied on all stock market activity to finance good pensions.’
    • ‘Equally important is the question of whether a Tobin tax is feasible.’
    • ‘First, the extent of avoidance will depend critically on the design of the Tobin tax.’
    • ‘The French National Assembly passed a resolution in November supporting the Tobin tax on international financial speculation.’
    • ‘The biggest barrier to implementation of the Tobin tax is political will.’
    • ‘First, the Tobin tax would be very small in magnitude.’
    • ‘That is why his sudden espousal of the Tobin tax looks unconvincing.’
    • ‘The bottom line is that the Tobin tax has a highly respectable intellectual heritage.’
    • ‘The theoretical case for a Tobin tax represents only one part of the debate.’
    • ‘The current revival of interest in the Tobin tax is the result of events of the last few years.’
    • ‘There are of course also major problems that make the implementation of a Tobin tax quite difficult.’

Origin

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

Pronunciation:

Tobin tax

/ˈtōbən ˌtaks/