The Tobin tax is a transaction-based tax designed to limit currency speculation and stabilize currencies. It would impose a small tax on individual transactions, penalizing speculators who make a large number of small spot trades, while allowing non-speculators to trade currencies without interference. Some countries have discussed implementing the tax, but there is resistance from […]

The Tobin tax is a transaction-based tax designed to limit currency speculation and stabilize currencies. It is levied on spot currency conversions and structured to limit exchanges while allowing non-speculators to exchange currency. The tax aims to impose a small fee on individual transactions, penalizing speculators who engage in large numbers of small spot trades. […]