New coalition challenging corporate secrecy

by Bernie Becker - 04/11/11 11:54 PM ET

In the letter, the group said it would push to, among other things, mandate that information on who owns a business is readily available to the public, and to close tax loopholes. Officials on both sides of the aisle have discussed eliminating some tax deductions and credits to help lower rates in a tax reform plan.

The new coalition is emerging not long after The New York Times reported on General Electric’s ability to lower its tax bill, and CBS News’s “60 Minutes” looked into how some multinationals keep their profits overseas.

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