WASHINGTON — President-elect Donald Trump on Tuesday announced plans to create a new agency called the External Revenue Service to collect tariffs and other revenues from foreign nations. "We ...

Trump says he will create an 'External Revenue Service' agency to collect tariff income By FATIMA HUSSEIN Associated Press Jan 15, 2025 Updated Apr 21, 2025 0 ...

WASHINGTON — President-elect Donald Trump on Tuesday announced plans to create a new agency called the External Revenue Service to collect tariffs and other revenues from foreign nations. "We ...

Diana Shaw of Wiley Rein LLP discusses the reduction in workforce at the IRS as detailed in a report by the Treasury ...

The Maryland Department of Transportation Maryland Transit Administration (MDOT MTA) releases its updated 10-year Capital ...

With the 2025 tax season approaching, SARS warns taxpayers about a new SMS scam designed to steal personal information.

President Trump said in his speech that enacting tariffs on other countries would be a way to raise U.S. revenue and avoid extra taxes on Americans. "Instead of taxing our citizens to enrich other ...

“Donald Trump announced the ‘External Revenue Service,’ and his goal is very simple — to abolish the Internal Revenue Service ...

(More on that later.) And Trump has floated the idea of a new External Revenue Service (ERS) to handle tariffs, which he has argued could eventually replace income taxes.

Despite the double-digit increase in debt payments in May 2025, data from the Bureau of the Treasury (BTr) showed that the country’s debt service declined in the first five months of the year. BTr ...

Among his responsibilities will be investigating the feasibility of creating an ‘External Revenue Service’ — to collect tariff revenue from other nations.

The president-elect's latest proclamation on Truth Social lacked details but appeared to reinforce his plan for sweeping tariffs.