President-elect Donald Trump has announced he will create a new "External Revenue Service" to collect income on goods from other countries when he takes power next week. Newsweek has contacted the Trump transition team for comment via email.

IRS Commissioner Danny Werfel will resign to preempt Donald Trump firing him. Trump had already nominated former GOP Rep. Billy Long to replace him.

The creation of a new agency requires an act of Congress, and Republicans hold the majority of both the House and the Senate.

President-elect promises to create External Revenue Service to collect tariffs. But will the ERS also impact your spending power?

Danny Werfel’s term has not yet expired, but the president-elect has already said he wants to appoint a new IRS chief.

President-elect Donald Trump has announced his plan to create a federal body charged with taxing and collecting taxes from U.S. trade partners.

Former U.S. Assistant Secretary of State for Economic and Business Affairs weighs President-elect Trump's plan to establish the 'External Revenue Service.'

The president-elect announced the proposed agency on his social media platform writing that the U.S. “will begin charging those that make money off of us with Trade, and they will start paying."

With Donald Trump stepping back into office, advocates are warning that access to important environmental and public health datasets could be at risk. Information about climate change vanished from federal websites under Donald Trump,

CEOs, developers, and investors alike have faced years of vocal frustration over America's perceived failure to establish clear regulatory guidelines for cryptocurrency and blockchain technology. With a decisive election returning Donald Trump to the presidency in 2025,

U.S. Treasury Secretary Janet Yellen said on Wednesday U.S. President-elect Donald Trump's plan to set up a new government agency to collect tariffs would duplicate an existing agency and was unlikely to save money.