transaction tax
[/trænˈzækʃən tæks/]
nounpl: transaction taxes
imposto sobre transações
1. A tax imposed on the sale or transfer of financial securities, currency, or commodities
The government proposed a transaction tax on stock market trades to reduce speculation.
O governo propôs um imposto sobre transações em operações do mercado de ações para reduzir a especulação.
2. A fee or levy charged by authorities on each financial transaction conducted within a market
The transaction tax would add a small percentage to each currency exchange.
O imposto sobre transações adicionaria uma pequena percentagem a cada câmbio de moeda.
Transaction taxes are a subject of ongoing policy debate in both Brazil and the USA. In Brazil, financial transaction taxes are used as fiscal instruments and regulatory tools. In the US, proposals for transaction taxes (particularly the 'Robin Hood tax' or 'Tobin tax') are debated as means to curb high-frequency trading and reduce market volatility, with significant support from progressive economists and opposition from financial industry sectors.
Look up more words on Fala2Me
The free English-Portuguese dictionary with real Brazilian accents, NYC slang, conjugator and more
Open Fala2Me →