G20: Bill Gates adds his weight to calls for Robin Hood tax
Financial transaction tax could raise £30bn to fight poverty, Gates will tell leaders
http://www.guardian.co.uk/business/2...duce-tobin-tax
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Bill Gates will tell the G20 group of developed and developing countries on Thursday that they could raise an extra $48bn (£30bn) a year to fight global poverty by levying a small tax on share and bond trading.
Despite hostility from Britain and the US, the Microsoft founder will add weight to the growing campaign for a so-called Robin Hood tax when he tells the two-day summit in Cannes that a levy on finance would help hard-pressed rich nations to meet their aid pledges to the poor.
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At a time when there have been signs of "aid fatigue" in donor countries, Gates insisted that the financial help provided over the past 10 years had had spectacular results. "Aid does work. Deaths go down when vaccines are properly delivered."
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