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Meaning of "Tobin tax" in the English dictionary

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DICTIONARY
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ETYMOLOGY OF THE WORD TOBIN TAX

Late C20: after James Tobin (1918–2002), US economist who proposed it.
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Etymology is the study of the origin of words and their changes in structure and significance.
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PRONUNCIATION OF TOBIN TAX

Tobin tax  [ˈtəʊbɪn] play
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GRAMMATICAL CATEGORY OF TOBIN TAX

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Tobin tax is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES TOBIN TAX MEAN IN ENGLISH?

Tobin tax

A Tobin tax, suggested by Nobel Laureate economist James Tobin, was originally defined as a tax on all spot conversions of one currency into another. The tax is intended to put a penalty on short-term financial round-trip excursions into another currency. Tobin suggested his currency transaction tax in 1972 in his Janeway Lectures at Princeton, shortly after the Bretton Woods system of monetary management ended in 1971. Prior to 1971, one of the chief features of the Bretton Woods system was an obligation for each country to adopt a monetary policy that maintained the exchange rate of its currency within a fixed value—plus or minus one percent—in terms of gold. Then, on August 15, 1971, United States President Richard Nixon announced that the United States dollar would no longer be convertible to gold, effectively ending the system. This action created the situation whereby the U.S. dollar became the sole backing of currencies and a reserve currency for the member states of the Bretton Woods system, leading the system to collapse in the face of increasing financial strain in that same year.

Definition of Tobin tax in the English dictionary

The definition of Tobin tax in the dictionary is 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.

WORDS THAT RHYME WITH TOBIN TAX


carboxyhaemoglobin
kɑːˌbɒksɪˌhiːməʊˈɡləʊbɪn
carboxyhemoglobin
kɑːˌbɒksɪˌhiːməʊˈɡləʊbɪn
chrysarobin
ˌkrɪsəˈrəʊbɪn
globin
ˈɡləʊbɪn
haemoglobin
ˌhiːməʊˈɡləʊbɪn
haptoglobin
ˌhæptəˈɡləʊbɪn
hemoglobin
ˌhiːməˈɡləʊbɪn
methaemoglobin
mɛtˌhiːməˈɡləʊbɪn
methemoglobin
mɛtˌhiːməˈɡləʊbɪn
myoglobin
ˌmaɪəʊˈɡləʊbɪn
oxyhaemoglobin
ˌɒksɪˌhiːməʊˈɡləʊbɪn
oxyhemoglobin
ˌɒksɪˌhiːməʊˈɡləʊbɪn

WORDS THAT BEGIN LIKE TOBIN TAX

Tobago
Tobagonian
Tobey
tobies
Tobit
toboggan
toboggan run
tobogganer
tobogganist
Tobol
Tobolsk
Tobruk

WORDS THAT END LIKE TOBIN TAX

advance corporation tax
capital gains tax
capitation tax
carbon tax
corporation tax
council tax
departure tax
excise tax
green tax
income tax
mainstream corporation tax
Pigouvian tax
profits tax
property tax
road tax
sales tax
sin tax
transfer tax
value-added tax
wealth tax

Synonyms and antonyms of Tobin tax in the English dictionary of synonyms

SYNONYMS

Translation of «Tobin tax» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF TOBIN TAX

Find out the translation of Tobin tax to 25 languages with our English multilingual translator.
The translations of Tobin tax from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «Tobin tax» in English.

Translator English - Chinese

托宾税
1,325 millions of speakers

Translator English - Spanish

impuesto Tobin
570 millions of speakers

English

Tobin tax
510 millions of speakers

Translator English - Hindi

Tobin कर
380 millions of speakers
ar

Translator English - Arabic

ضريبة توبين
280 millions of speakers

Translator English - Russian

налог Тобина
278 millions of speakers

Translator English - Portuguese

taxa Tobin
270 millions of speakers

Translator English - Bengali

টবিন ট্যাক্স
260 millions of speakers

Translator English - French

taxe Tobin
220 millions of speakers

Translator English - Malay

Cukai Tobin
190 millions of speakers

Translator English - German

Tobin-Steuer
180 millions of speakers

Translator English - Japanese

トービン税
130 millions of speakers

Translator English - Korean

토빈세
85 millions of speakers

Translator English - Javanese

Pajak Tobin
85 millions of speakers
vi

Translator English - Vietnamese

thuế Tobin
80 millions of speakers

Translator English - Tamil

டோபின் வரி
75 millions of speakers

Translator English - Marathi

टोबिन कर
75 millions of speakers

Translator English - Turkish

Vergi vergisi
70 millions of speakers

Translator English - Italian

Tobin tax
65 millions of speakers

Translator English - Polish

Podatek Tobina
50 millions of speakers

Translator English - Ukrainian

податок Тобіна
40 millions of speakers

Translator English - Romanian

taxa Tobin
30 millions of speakers
el

Translator English - Greek

φόρος Tobin
15 millions of speakers
af

Translator English - Afrikaans

Tobin-belasting
14 millions of speakers
sv

Translator English - Swedish

Tobinskatt
10 millions of speakers
no

Translator English - Norwegian

Tobin-skatten
5 millions of speakers

Trends of use of Tobin tax

TRENDS

TENDENCIES OF USE OF THE TERM «TOBIN TAX»

The term «Tobin tax» is regularly used and occupies the 96.719 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
55
/100
The map shown above gives the frequency of use of the term «Tobin tax» in the different countries.
Principal search tendencies and common uses of Tobin tax
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «Tobin tax».

FREQUENCY OF USE OF THE TERM «TOBIN TAX» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «Tobin tax» during the past 500 years. Its implementation is based on analysing how often the term «Tobin tax» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about Tobin tax

EXAMPLES

10 ENGLISH BOOKS RELATING TO «TOBIN TAX»

Discover the use of Tobin tax in the following bibliographical selection. Books relating to Tobin tax and brief extracts from same to provide context of its use in English literature.
1
The Tobin Tax : Coping with Financial Volatility: Coping ...
This work makes a systematic analysis of the proposal for a foreign exchange transactions levy.
Islamabad Mahbub ul Haq Director Human Development Center, NY Inge Kaul Director of the Office of Development Studies United Nations Development Programme, NY Isabelle Grunberg Senior Policy Analyst United Nations Development Programme, 1996
2
Democratising Globalisation: The Leverage of the Tobin Tax
In the 1970s, Professor James Tobin proposed a tax on currency transactions, but the proposal was not implemented due to lack of political will.
Heikki Patomäki, 2001
3
The Tobin Tax: Coping with Financial Volatility
This work makes a systematic analysis of the proposal for a foreign exchange transactions levy.
Mahbub ul Haq, Inge Kaul, Isabelle Grunberg, 1996
4
A Guide to International Monetary Economics, Third Edition: ...
The discussion has centred on the Tobin tax proposal. Tobin (1974, pp. 88-9) proposed to introduce a generally applied tax on international financial transactions. This would, in his mind, be helpful in preserving some national monetary ...
Hans Visser, 2006
5
In Defence of Global Capitalism
One proposed capital regulation that has achieved popularity in recent years is the so-called Tobin tax, named after Nobel laureate economist James Tobin, who first suggested it. The Tobin tax is a low tax of 0.05-0.25 per cent on all currency ...
Johan Norberg, 2005
6
International finance and open-economy macroeconomics: with ...
Raffer (1998) gives a historical survey of the debate on the Tobin tax as well as reasons (mainly political, in his opinion) why this debate has been so scanty. A book edited by ul Haq et al. (1996) contains several papers both pro and against.
Giancarlo Gandolfo, 2002
7
The Role of International Institutions in Globalisation: The ...
Organization) movements and have recently been focussing more on the Tobin tax. Such groups as Association for the Taxation of Financial Transaction for the Aid of Citizens (ATTAC) in France, Halifax in Canada, and War on Want in Britain  ...
John-ren Chen, 2003
8
Capital Mobility, Exchange Rates, and Economic Crises
Macroeconomic and Monetary Autonomy Unavoidable transactions costs, whose effects on financial markets are exactly analogous to those of the Tobin tax, already provide some scope for autonomous national macroeconomic and monetary ...
George Fane, 2000
9
Financial Markets, Money, and the Real World
significant change in the exchange rate in the short run will quickly swamp any ' grains of sand' Tobin tax disincentive. Moreover, as suggested below, the Tobin tax can have a significantly larger impact on stemming international trade and ...
Paul Davidson, 2003
10
International Taxation: Tobin Tax, Financial Transaction ...
Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online.
Source: Wikipedia, Books, LLC, 2010

10 NEWS ITEMS WHICH INCLUDE THE TERM «TOBIN TAX»

Find out what the national and international press are talking about and how the term Tobin tax is used in the context of the following news items.
1
Jacqui Lambie calls for Tobin tax on financial transactions
Jacqui Lambie has responded to Tony Abbott's challenge to the crossbench to find alternative budget savings by calling for a new tax on financial transactions to ... «The Australian, Mar 15»
2
Europeans move towards watered-down 'Tobin' tax
The idea was inspired by the 'Tobin Tax', named after Nobel laureate James Tobin, who proposed it in the 1970s as a means of reducing speculation in global ... «Business Insider, Sep 14»
3
EU states to implement Tobin tax by January 2016
Europe will have a financial transactions tax by the beginning of 2016 at the latest, finance ministers from the 11 European Union countries who back the move ... «RFI, May 14»
4
Exclusive: EU legal opinion opens door to Tobin tax on forex
The tax is aimed at recouping "a fair and substantial contribution" from banks ... on currency trades floated by economist James Tobin in the 1970s to smooth out ... «Reuters, Mar 14»
5
China's SAFE Mulls Tobin Tax to Curb Speculative Flows
“There are a lot of policies that can be considered, including the Tobin tax,” Guan Tao, head of the international payments department under the State ... «Bloomberg, Jan 14»
6
China's 'Tobin Tax' debate stings City hopes for offshore trading boom
Britain's bid to become a global hub for trading in Chinese assets has run into a major snag after a top Chinese official suggested a 'Tobin Tax', a levy on ... «Telegraph.co.uk, Jan 14»
7
EU financial transaction tax illegal, say lawyers
Imposing a financial transaction tax (FTT) in 11 European Union member states would ... The FTT, also known as the Robin Hood tax and Tobin tax, is set to be ... «BBC News, Sep 13»
8
Britain challenges EU over 'Tobin tax'
The FTT, also known as a “Tobin tax” levies 0.1 per cent on stock and bond trades and 0.01 per cent on derivative deals carried out in the 11-country tax area. «Financial Times, Apr 13»
9
Tobin Tax is madness for Europe, and economic war against Britain
Total takings will be a paltry €800m in 2013, but that overlooks the much greater damage inflicted on French finance, industry and the government's own tax ... «Telegraph.co.uk, Apr 13»
10
US banks attack Europe's 'Tobin Tax'
Ahead of the European Commission revealing a plan for an international tax on financial trades, dubbed the 'Tobin tax', a coalition of American business ... «Telegraph.co.uk, Feb 13»

REFERENCE
« EDUCALINGO. Tobin tax [online]. Available <https://educalingo.com/en/dic-en/tobin-tax>. May 2024 ».
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