It is the government’s primary interests that businesses adhere to regulations/laws, increasing employment, and ethical taxation reporting.
The market and business sector has many stakeholders, including the shareholders, employees, customers, suppliers, the government, and so on.
Each set of stakeholders have their own interests. For example, the investors are interested in profitability, employees are interested in the firm continuing to grow, and customers would like to have quality products from firms.
The government is one primary stakeholder, and also has the legitimate authority to regulate the entire sector. The government is interested in firms adhering to regulations and laws, which prevents malpractice and violation of rights of other stakeholders.
It wants businesses to increase employment, as that would lighten the burden of providing jobs and welfare from the public exchequer. Ethical tax reporting ensures that firms contribute their share of taxes to the government’s coffers.
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