Embrace True Competitiveness or Fall Behind

In a hyper-competitive environment, entities face the harsh reality of needing to lower tax rates and regulations to stay relevant. This creates a scenario where those unwilling to make these sacrifices risk losing their business, revenue, and jobs to more compliant competitors. Ultimately, this leads to a detrimental 'race to the bottom,' where the focus shifts away from sustainable practices to mere compliance in order to thrive.