President-elect Trump said Tuesday he wanted to create an “External Revenue Service” to collect tariffs and other revenue from foreign countries, comparing it to the Internal Revenue Service (IRS), which collects taxes from Americans.

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

President-elect Donald Trump plans to create an External Revenue Service. Here’s what that might mean for you.

N.Y., introduced a bill to reallocate funds from Internal Revenue Service (IRS) enforcement to hiring U.S. Customs and Border Protection agents.

Trump, 78, has already warned that he will raise tariffs on foreign nations that fail to align with his strict immigration policies.

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

U.S. President-elect Donald Trump said on Tuesday he will create a new government agency called the External Revenue Service "to collect tariffs, duties, and all revenue" from foreign sources as he readies new import tariffs ahead of his inauguration next week.

"For far too long, we have relied on taxing our Great People using the Internal Revenue ... unclear how the external revenue service would differ from or work with CBP. Earlier on Tuesday, Steve ...