<ul data-eligibleForWebStory="false"><li>Nick Mackenzie, CEO of Greene King, is calling for a change from property tax to a tax on profits for pubs to alleviate financial pressures on the struggling industry.</li><li>The British pub industry faces increasing costs and closures, with business rates being a contributing factor, as they are currently based on property value rather than profits.</li><li>Greene King, which operates 2,600 pubs, reported a loss of £147m, highlighting the challenges pubs face with rising costs and the impact of taxes not considering profitability.</li><li>The British Beer and Pub Association urges the government to reform the business rates system, warning of irreversible damage to pubs and brewers if action is not taken soon.</li></ul>

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

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