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Tobin tax

Syllabification: (To·bin tax)
Pronunciation: /ˈtōbin ˌtaks/

Definition of Tobin tax

noun

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

Origin:

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

Tobin tax in other Oxford dictionaries

Definition of Tobin tax in the British & World English dictionary