EU Council and Woolwich

As I said at the press conference after the EU Council, I raised at the meeting of my business advisory council my G8 agenda on tax transparency and aggressive tax avoidance and said how important it was that companies followed that, and Eric Schmidt contributed to that conversation. He supported the steps that we are taking in the G8, which is welcome. There is an important point here: one country taking action on its own will not solve the problem. We need to make sure that we do this not just across the EU, but in the G8.