As per recent reports many countries are planning to introduce ‘Tobin Tax’ the idea of which was given by a Nobel prize winner economist James Tobin in 1978.Tobin Tax, if implemented will be levied on which of the following

A

On the interest income of corporates earned through major investments

B

All cash transactions

C

Services availed specifically by an elite group of people

D

Foreign exchange transactions

E

None of these