The Conservatives in the USA had made use of the Laffer Curve to argue that tax revenues could be increased by reducing taxes. The tax cuts in the 1980s were done on the basis of the Laffer Curve. You can read about the Taxation System in India – Types, GST, VAT, Objectives, Limitation, Laffer Curve in the given link.

The Laffer Curve was developed by an economist named Arthur Laffer.

Further readings:

1. Global Minimum Corporate Tax – Minimum tax rate proposed by the G7
2. Base Erosion and Profit Sharing