Tobin tax
E790040
The Tobin tax is a proposed small levy on foreign currency transactions intended to curb short-term speculation and promote financial stability.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Tobin tax canonical | 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 NERFINISHED ⓘ |
| 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
NERFINISHED
ⓘ
United Nations agencies NERFINISHED ⓘ |
| 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
NERFINISHED
ⓘ
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 NERFINISHED ⓘ |
| requires | broad international coordination ⓘ |
| targets |
short-term foreign exchange trading
ⓘ
speculative currency trades ⓘ |
| wasProposedBy | James Tobin NERFINISHED ⓘ |
| wasProposedIn | 1970s ⓘ |
| wasProposedInContextOf | collapse of Bretton Woods system ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Tobin tax Description of subject: The Tobin tax is a proposed small levy on foreign currency transactions intended to curb short-term speculation and promote financial stability.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.