Tobin Tax

Pronunciation: /ˈtoʊbɪn tæks/

Definitions of Tobin tax

noun A policy tool aimed at reducing currency speculation and promoting financial stability

Example Sentences

A1 A Tobin tax is a small tax on financial transactions.

A2 Some countries have considered implementing a Tobin tax to regulate financial markets.

B1 The Tobin tax is named after economist James Tobin, who first proposed the idea.

B2 Advocates of the Tobin tax argue that it can help reduce speculative trading and stabilize currency markets.

C1 There is ongoing debate among economists about the effectiveness and feasibility of implementing a Tobin tax.

C2 The Tobin tax has been a topic of discussion at international forums and conferences on financial regulation.

Examples of Tobin tax in a Sentence

formal The Tobin tax is a proposed tax on financial transactions.

informal Have you heard about the Tobin tax? It's supposed to tax financial transactions.

slang I don't really get the point of the Tobin tax. Seems like a hassle.

figurative Implementing a Tobin tax would be like putting a speed bump on Wall Street.

Grammatical Forms of Tobin tax

• plural: Tobin taxes
• comparative: more Tobin tax
• superlative: most Tobin tax
• present tense: Tobin taxes
• future tense: will Tobin tax
• perfect tense: has Tobin taxed
• continuous tense: is Tobin taxing
• singular: Tobin tax
• positive degree: Tobin tax
• infinitive: to Tobin tax
• gerund: Tobin taxing
• participle: Tobin taxed

Origin and Evolution of Tobin tax

First Known Use: 1972 year

Language of Origin: English

Story behind the word: The term 'Tobin tax' originated in the field of economics and finance.

Evolution of the word: The Tobin tax was first proposed by economist James Tobin in 1972 as a tax on foreign exchange transactions to reduce speculation in currency markets. Over time, the concept has evolved to include various forms of financial transaction taxes aimed at curbing speculative trading and generating revenue for public purposes.