Bill Gates at the World Economic Forum
Let's hope that this is the first of many to come on board to back the Robin Hood tax.
Bill Gates is throwing his weight behind French efforts to put a small tax on financial trades as a way of boosting spending on development, finance ministers from the G20 group of developed and developing countries will learn on Friday.
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Gates was asked by President Nicolas Sarkozy to come up with proposals for new forms of financing for development for this autumn's meeting of the G20 in Cannes. Draft proposals, to be presented to G20 finance ministers in Washington , suggest that Gates has been won over to the idea of a financial transaction tax, which is strongly supported by development charities but opposed by the City.
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