I am not exactly sure how this will work, but i guess it is no different than the States who tax athletes who live in one state but play games in their state. At least Trump used a phrase libs love- "paying their fair share" Trump announces External Revenue Service to tax foreign revenues
How will this work? People pay more for stuff, that's how it will work. He just came up with a stupid name for tariff collection that's all.
Me stoned in college: "Department of the Interior?" (takes a long toke) "What if there was like, a Department of the Exterior, man?" (passes doob)
so rather than eliminating the IRS, BIG GOV Donnie's creating the ERS. Gee, I wonder why bond yields have popped
straight up commie rant... "We will begin charging those that make money off of us with Trade, and they will start paying, FINALLY, their fair share. January 20, 2025, will be the birth date of the External Revenue Service. MAKE AMERICA GREAT AGAIN!"
this is just tariffs? we've always had tariffs but now we need a new, additional govt agency to collect them?
Cant forget about duty I guess. Cant wait to stick it to the big government ERS tax man by shopping duty free at the airport.
Think tariffs. They should also put an entrance fee/price in crossing the southern border into the U.S.A. while they're at it. Make Mexico pay for that wall.
Actually, I think a great idea is to not allow people to apply for asylum at the border. People should have to apply at the us embassy in their country. Phil Gramm wrote about this today in the WSJ.
1. He speaks about it like he can unilaterally create a new US Gov agency on his first day in office. Someone should probably tell him that’s up to Congress. 2. Tariffs are paid by the importer meaning US customers will see higher prices do. 3. We already have the Department of Commerce and International Trade Commission responsible for tariffs and duties with US Customs and Border Prot. collecting.
External revenue would imply profits outside of US jurisdiction. How does one collect taxes on non-situs revenue? Wish he said he is going to impose massive payments for the US military patrolling the world, protecting physical and digital shipping lanes, etc.
