The consultant will also assess the tax revenue potential, pointing to a possibility of looming new taxes in the counties. The study was officially inaugurated on March 20 by the National Treasury Principal Secretary Kamau Thugge. Also in the team is Nick Spyropoulos, an international tax economist and forecasting expert, and Graeme Keay who is an international tax legislative expert. Officials were also required to discuss with Treasury the methodological framework for county revenue potential estimation and econometric tax compliance modelling. It hopes to achieve this through a new policy, County Revenue Bill (2018) which is still in draft form.

Source: Standard Digital May 15, 2018 05:37 UTC