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Bill Gates is to urge G20 nations to adopt a financial transaction tax to fund development

BMJ 2011; 343 doi: http://dx.doi.org/10.1136/bmj.d6963 (Published 26 October 2011) Cite this as: BMJ 2011;343:d6963
  1. Karen McColl
  1. 1London

A small tax on financial trading could raise billions to fund healthcare and other services in developing countries. That’s the message Bill Gates will deliver to leaders of the G20 major economies in Cannes this weekend.

Mr Gates, who was asked by the G20’s current chairman, President Nicolas Sarkozy of France, to look into new ways of finding money for development, is backing the idea of a financial transaction tax, according to a memo leaked a few weeks ago.

Mr Gates is in good company. Supporters of a financial transaction tax, dubbed the “Robin Hood tax,” range from the Vatican to the Occupy Wall …

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