Show TAX PUBLICITY REPEAL SOUGHT WASHINGTON Jan 25 23 UP Thc UP-Thc The United States chamber of commerce today urged congress to repeal repeal- the publicity clause in ja the new income tax law Jaw The chamber contended the purpose pur pur- pose iose of Income tax returns is to enable enable en en- able the government to collect taxes and not and not for or or the pw purpose e of publishing publish publish- ing private affairs to the world Publicity the chamber said will encourage crime and racketeering satisfy mere personal curiosity and disclose trade secrets and private affairs affairs af af- af fairs to competitors Recommendations b by the chamber for tor removing unnecessary obstruction tion to business expansion caused by existing revenue l laws JAws ws included Restoration of the rights of ot closely affiliated groups to file consolidated income returns Repeal of the section requiring publicity pub publicity of data from income tax returns Modification of the capital stock and excess profits provisions so as to permit an annual instead of a permanent permanent per per- manent declaration of at capital value Adoption of a constitutional amendment amendment amend amend- ment permitting nondiscriminatory taxation reciprocally between the federal federal fed fed- eral government and the states on derived ed from future issues sues of ot securities made by public authority Amount of revenues rc now received cd from excise taxes should not be decreased decreased de de- creased by act of congress |