Tobin tax

Rarity: Uncommon

A topic a little better known than average, read and translated beyond its own country.

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What Wikipedia says

A Tobin tax was originally defined as a tax on all spot conversions of one currency into another. It was suggested by James Tobin, an economist who won the Nobel Memorial Prize in Economic Sciences. Tobin's tax was originally intended to penalize short-term financial round-trip excursions into another currency.

Excerpt from the Wikipedia article “Tobin tax”, under the CC BY-SA 4.0 license. Read the article on Wikipedia