Beales’ ex-owner & biggest landlord blames collapse on tax system

// Beales’ former owner Andrew Perloff blames administration on “excessive & outdated” tax system
// Beales’ administration 1300 jobs at riskBeales’ former owner and the landlord of over half of its properties, Panther Securities has blamed its collapse on an “outdated” tax system.
Panther Securities chairman Andrew Perloff said an “excessive and outdated” tax system was weighing the stores down, Property Week reported.
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