Dhaka, May 19 -- Economic growth cannot be sustained merely through increasing taxes, tightening regulations, or expanding compliance requirements. True and sustainable national prosperity is created when entrepreneurs, businesses, industries, and productive sectors are enabled to grow, innovate, employ people, generate exports, and create taxable wealth.

In many developing economies, including Bangladesh, there is an increasing perception among entrepreneurs that businesses are being treated primarily as sources of revenue extraction rather than as strategic engines of national development.

Regulators, tax authorities, banks, auditors, and professional institutions often focus heavily on tax collection, penalties, documentation, compli...