Mr. Derek Moran:

The detailed proposal is quite young. The Revenue Commissioners, in conjunction with the Department, will look at the negative impact this would have if it were to become a reality. We will work our way through that bit by bit. The nature of the way these things are done at European level means there could well be considerable differences between the proposal we go in with and the proposal we come out with. The real risk with this goes beyond taxation. There is a view in the US that if a threshold of €750 million of turnover applies to the charge on digital companies advertising in countries, that will confine this measure to American companies. There is a real risk of a retaliatory response from the US if this were to happen.