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

Trump said his new "external revenue service" will go into effect on January 20 to help the US collect more revenue from foreign countries.

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

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

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."

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.

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