Tobin tax

E790040

financial transaction tax proposed tax

The Tobin tax is a proposed small levy on foreign currency transactions intended to curb short-term speculation and promote financial stability.

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All labels observed (3)

Label	Occurrences
Spahn tax	1
Tobin tax canonical	1
Tobin–Spahn tax	1

How this entity was disambiguated

This entity first appeared as the object of triple T9303448 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.

NED1 Entity disambiguation (via context triple) gpt-5-mini-2025-08-07

Target entity: Tobin tax
Context triple: [James Tobin, notableIdea, Tobin tax]

A. Tobin
Tobin is the given name of Tobin Heath, an American professional soccer player and multiple-time FIFA Women's World Cup champion.
B. Harberger triangle
The Harberger triangle is an economic concept representing the deadweight loss or efficiency cost created by market distortions such as taxes, price controls, or monopolies, typically illustrated as a triangular area on a supply-and-demand graph.
C. Rates of Exchange
Rates of Exchange is a satirical novel by Malcolm Bradbury that follows a British linguist’s misadventures in a fictional Eastern European country, exploring Cold War politics, language, and cultural misunderstanding.
D. Basel accords
The Basel Accords are a set of international banking regulations developed by the Basel Committee on Banking Supervision to strengthen bank capital requirements, risk management, and financial system stability worldwide.
E. Special Drawing Rights
Special Drawing Rights are an international reserve asset created by the IMF to supplement member countries’ official reserves and support global liquidity.
F. None of above. chosen
G. Unsure - the case is ambiguous/there is not enough information to decide.

NED2 Entity disambiguation (via description) gpt-5-mini-2025-08-07

Target entity: Tobin tax
Target entity description: The Tobin tax is a proposed small levy on foreign currency transactions intended to curb short-term speculation and promote financial stability.

A. Tobin
Tobin is the given name of Tobin Heath, an American professional soccer player and multiple-time FIFA Women's World Cup champion.
B. Harberger triangle
The Harberger triangle is an economic concept representing the deadweight loss or efficiency cost created by market distortions such as taxes, price controls, or monopolies, typically illustrated as a triangular area on a supply-and-demand graph.
C. Rates of Exchange
Rates of Exchange is a satirical novel by Malcolm Bradbury that follows a British linguist’s misadventures in a fictional Eastern European country, exploring Cold War politics, language, and cultural misunderstanding.
D. Basel accords
The Basel Accords are a set of international banking regulations developed by the Basel Committee on Banking Supervision to strengthen bank capital requirements, risk management, and financial system stability worldwide.
E. Special Drawing Rights
Special Drawing Rights are an international reserve asset created by the IMF to supplement member countries’ official reserves and support global liquidity.
F. None of above. chosen

Statements (46)

Predicate	Object
instanceOf	financial transaction tax ⓘ proposed tax ⓘ
appliesTo	foreign currency transactions ⓘ foreign exchange transactions ⓘ
facesCriticismFor	implementation difficulties without global agreement ⓘ possible evasion through offshore centers ⓘ potential reduction in market liquidity ⓘ
hasConceptualPrecursor	Keynesian ideas on financial speculation ⓘ
hasPolicyGoal	dampen short-term cross-border capital movements ⓘ give national governments more monetary policy autonomy ⓘ
hasProposedRate	small percentage of transaction value ⓘ
hasPurpose	curb short-term currency speculation ⓘ discourage destabilizing capital flows ⓘ promote financial stability ⓘ reduce volatility in foreign exchange markets ⓘ
hasVariant	Spahn tax ⓘ linked to: Tobin tax
inspired	later proposals for global financial transaction taxes ⓘ
isDebatedIn	global financial governance ⓘ international economics ⓘ
isDesignedAs	uniform global tax on currency trades ⓘ
isDiscussedBy	International Monetary Fund ⓘ United Nations agencies ⓘ
isIntendedEffect	generate public revenue ⓘ lengthen average holding period of currencies ⓘ raise cost of high-frequency currency trading ⓘ reduce exchange rate misalignments ⓘ
isIntendedToBe	revenue-neutral with respect to long-term investment ⓘ
isOpposedBy	many financial industry groups ⓘ some mainstream economists ⓘ
isPartOfDebateOn	policies to prevent financial crises ⓘ regulation of global capital flows ⓘ
isRelatedTo	Tobin–Spahn tax ⓘ linked to: Tobin tax currency transaction tax ⓘ financial transaction tax ⓘ
isSupportedBy	some NGOs advocating for development financing ⓘ some heterodox economists ⓘ
isTypeOf	Pigovian tax ⓘ currency transaction tax ⓘ
isUsuallyCollectedAt	point of foreign exchange transaction ⓘ
namedAfter	James Tobin ⓘ
requires	broad international coordination ⓘ
targets	short-term foreign exchange trading ⓘ speculative currency trades ⓘ
wasProposedBy	James Tobin ⓘ
wasProposedIn	1970s ⓘ
wasProposedInContextOf	collapse of Bretton Woods system ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

James Tobin → notableIdea → Tobin tax ⓘ

Tobin tax → isRelatedTo → Tobin–Spahn tax ⓘ

linked to: Tobin tax

Tobin tax → hasVariant → Spahn tax ⓘ