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Tax pubs on profit not property value, urges Greene King boss

Chain reports £147m loss last year as business rates blamed for accelerating closuresThe boss of the pub chain Greene King has called for changes to business rates to remedy “unfairness” that he said added to financial pressures on the struggling pubs industry.Nick Mackenzie, Greene King’s chief executive, said the business rates system of property taxes should be changed to a tax on profits. Continue reading...

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