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

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Treasury Cabinet Secretary Prof Njuguna Ndung'u conceded that higher taxes are hurting Kenya's economy. [Robert Menza, Standard]

President William Ruto's top money man now says higher taxes do not necessarily lead to higher collections.

National Treasury Cabinet Secretary Professor Njuguna Ndung'u, an avid researcher and academician, made the revealing comments on Tuesday evening during an International Monetary Fund (IMF) virtual forum where he was a panelist.

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