• The Tobin tax is a levy offered on spot currency transactions to penalize short-term currency trading in order to stabilize markets and prevent speculation.
  • The Tobin tax can be used to create revenue streams for countries that have large short-term currency movements.
  • The Tobin tax is sometimes referred to as the Robin Hood tax, as many see it as a way for governments to take small amounts of money from people who do large, short-term currency exchanges.