The IMF is looking to guard against another world wide financial crisis.
For those of you not familiar with the Tobin Tax, it is basically a tax on currency speculation.
A Tobin tax is the suggested tax on all trade of currency across borders. Named after the economist James Tobin, the tax is intended to put a penalty on short-term speculation in currencies. The original tax rate he proposed was 1%, which was subsequently lowered to between 0.1% and 0.25%.
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