Taiwo Oyedele, Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, has reacted after US President, Donald Trump, announced “plans to establish an External Revenue Service to impose tariffs and taxes on other countries”.
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| Donald Trump was sworn in as the 47th President of the United States (US) on Monday 20 January, 2025 by Chief Justice John Roberts. Photo: @WhiteHouse |
Oyedele said, “this move could disrupt international trade and further complicate the already complex global tax system.”
In his reaction to Trump’s creation of ERS, Oyedele said: “the 47th President of the United States, Donald J. Trump announced plans to establish an External Revenue Service to impose tariffs and taxes on other countries.
This move could disrupt international trade and further complicate the already complex global tax system, highlighting the importance of our ongoing tax reforms.
By revamping our tax system, we can better navigate potential challenges and seize any opportunities this development may present.”
