English Dictionary

Define dictionary terms easily in our powerful online English dictionary.

Searching for...

No matching words found

Try a different search term or browse the dictionary

Definition Robin Hood tax in British English

Robin Hood tax noun

noun
1

a very small (0.05%) tax on every speculative financial transaction made by banks; also called Tobin tax

Example

The Robin Hood Tax is designed to hit only speculative, "casino" trading and not the high street banks used by the public.

Definition Robin Hood tax in British English