Thursday, 3 November 2011

Bill Gates Backs Tobin Tax

The Billionaire founder of Microsoft Bill Gates has backed a Tobin Tax. He will tell a meeting at the G20 summit that he supports a Tax on financial transaction's. There is a lot of political support for some sort of tax in continental Europe. There is, however, a lot of resistance in Britain and the United States.
But the German finance minister, Wolfgang Schaeuble has suggested it could go ahead in just the eurozone.

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