Bill Gates Drafts Plans for Robin Hood Tax for G20 Meeting in France

Bill Gates backs Robin Hood tax on bank trades, Guardian, UK, 9/22/2011

Microsoft founder to tell G20 to back the tax which could raise $48bn a year for aid and development

Gates was asked by French President Nicolas Sarkozy to come up with draft plans of the proposed financial transaction tax before the G20 meeting in Cannes, Frances on November 3, 2011.

Max Lawson, spokesman for the Robin Hood Tax campaign, said Gates’s backing for a transaction tax meant it was “game on”. He added: “The Germans and French moving ahead to implement the tax. “George Osborne needs to support this tax and show us he is on the side of the poor and the needy, not the banks and the greedy.”