US President Donald Trump’s tariff pitch, as Lutnick framed it, involves replacing the IRS (Internal Revenue Service) with an “External Revenue Service” that leans on tariffs—think 10% across-the-board, 60% on China, or even 25% on Canada and Mexico—to fund the government. The ideas to raise $700 billion annually, ax income taxes, and shift the burden [...]The post Is “External Revenue Service” Replacing Internal Revenue Service in US? appeared first on Tekedia.
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