In a significant policy announcement, former President Donald Trump has proposed the creation of an External Revenue Service (ERS) aimed at collecting revenue from foreign sources. This initiative seeks to enhance the United States’ ability to tap into international markets and ensure that foreign entities contribute to the U.S. economy. The proposal outlines a framework for the ERS, which would operate independently of the Internal Revenue Service (IRS) and focus specifically on foreign revenue streams.
Tag: International Taxation
Trump Proposes Establishment of External Revenue Service for Foreign Revenue Collection
In a significant policy announcement, former President Donald Trump has proposed the creation of an External Revenue Service (ERS) aimed at collecting revenue from foreign sources. This initiative seeks to enhance the United States’ ability to tap into international financial streams and ensure compliance with tax obligations among foreign entities operating within U.S. jurisdiction. The proposal has sparked discussions regarding its potential implications for international trade, taxation, and diplomatic relations.
Trump Proposes Establishment of External Revenue Service for Foreign Revenue Collection
In a significant policy announcement, former President Donald Trump has proposed the creation of an External Revenue Service (ERS) aimed at collecting revenue from foreign sources. This initiative seeks to enhance the United States’ ability to tap into international financial streams and ensure compliance with tax obligations among foreign entities operating within U.S. jurisdiction. The proposal has sparked discussions regarding its potential implications for international trade and relations.