What follows are my initial responses to Trump’s creation of the External Revenue Service, or ERS, future rival of the IRS.

On 3 January 2025, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) released final regulations (Final ...

S&P 500 stocks Constellation Energy and Vistra rose after President Donald Trump announced the Stargate AI investment plan ...

Even if Donald Trump vastly expands the use of tariffs as president, it’s unlikely he’ll collect enough revenue to replace the more than century-old federal income tax system. President-elect ...

Trump also criticised the current reliance on domestic taxes through the revenue-service"Internal Revenue Service (IRS) and emphasised the need for foreign entities benefiting from trade with the ...

He compared his planned creation to the Internal Revenue Service, which is the nation's domestic tax collector. The creation of a new agency requires an act of Congress, and Republicans hold the ...

Trump announced on his Truth Social platform on Tuesday that he will create the "External Revenue Service" but didn’t offer details about it. He compared his planned agency to the Internal ...

He said the external revenue service would go into effect on January 20, the first day of his presidency. "For far too long, we have relied on taxing our Great People using the Internal Revenue ...