Foreign Exchange Tax

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Definition: Foreign Exchange Tax

Foreign Exchange Tax
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Full Definition of Foreign Exchange Tax

A tax assessment made on spot price transactions between two currencies. The tax was created to reduce short-term speculative trades and significant capital transfers between economies during times of crisis. Also called Tobin tax.

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April 24, 2024 https://payrollheaven.com/define/foreign-exchange-tax/.
Chicago Manual of Style (CMS):
Foreign Exchange Tax. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/foreign-exchange-tax/ (accessed: April 24, 2024).
American Psychological Association (APA):
Foreign Exchange Tax. PayrollHeaven.com. Retrieved April 24, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/foreign-exchange-tax/

Definition Sources

Definitions for Foreign Exchange Tax are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.