Definition of tobintax

Instead of voting down the only definition of this hashtag, scroll down and add your own!

Perhaps you want to vote up another definition, or scroll down and add your own?

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.