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Tuesday, January 14, 2025

external revenue service

 Incoming President Donald Trump said he will establish an External Revenue Service to collect tariffs, duties and all revenue that comes from foreign sources. Taxing foreign countries for their trade with the U.S. is a major shift from the last century when the U.S. focused on taxing its own citizens via the Internal Revenue Service.

Trump made the announcement on his social media platform Truth Social on Tuesday.

Shooting down the Drones

 (Bloomberg) -- Germany is giving its armed forces the ability to shoot down unidentified drones suspected of spying on military bases, industrial facilities and other critical infrastructure, according to people familiar with the matter.

Chancellor Olaf Scholz’s cabinet is expected to pass a draft amendment to the Aviation Security Act on Wednesday. That will enable the military to use force against unmanned aerial vehicles in order to prevent a serious accident or attack, said the people, who spoke on the condition of anonymity as the plan is not yet public. Authorities previously relied on jamming transmitters to disable drones, but certain recent models appeared to be resistant to the technology.  

external revenue service

  Incoming President Donald Trump   said   he will establish an External Revenue Service to collect tariffs, duties and all revenue that com...