Higher taxes won't cure flagging revenues, Treasury boss admits

Speaking during the IMF African Fiscal Forum, Prof Ndung'u alluded to the principle by American economist Arthur Laffer, who argues lower tax rates change people's behaviour and stimulate economic growth, creating more tax revenue for the government, not less.

He, however, maintained that the William Ruto government is firmly focused on instituting tax reforms to bring tax equity and broaden the tax base.