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Real Tax Reform Should Close Offshoring Loopholes

The U.S. House held a hearing today about tax reform. Fair Share's signed on to a letter, via the FACT Coalition about what we think real reform is. Our priorities for tax reform are to make sure that every business plays by the same rules -- that large multinational compaies shouldn't be able to dodge taxes by hiding money overseas.

“Offshore loopholes and tax haven abuse cost U.S. taxpayers $150 billion per year,” explained Clark Gascoigne, Interim Director of the FACT Coalition, upon submitting the comments to the Committee.

When kids are hungry, they struggle to learn. When kids don't learn, they struggle in life. Still, 16 million American kids are at risk of going hungry every day. That’s 1 out of every 5 kids. We can and we must do better.

White House Budget has Major Investments Targeting Child Hunger

Though the House has refused to hold hearings on the President's budget, the White House revealed several important measures that, if adopted, would make significant progress in ending child hunger in America. On Jan. 27, the White House held an event on how we can end child hunger in America, highlighting those budget proposals.

In a statement, the White House said:

The Obama Administration is dedicated to ensuring American children and families have the support they need to build a better future, especially when weathering life’s ups and downs, such as loss of a job, illness, or work that

Fortune: It's Time for the U.S. to Deal With Tax Evaders

America is the world’s newest tax haven.

If I asked you to name the world’s biggest tax haven, you might come up with the Cayman Islands, Bermuda, or Luxembourg. Those of you following the recent series of so-called “corporate tax inversions” might guess Ireland.

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End Expensive and Dangerous Shell Companies

Most businesses have nothing to hide, but if you do have something to hide, it's easy: You just set up an anonymous shell company -- which in America, requires less personal information than it takes to get a library card.

Since you don't even have to report who owns the company, anonymous shell companies are a favorite tool to hide all sorts of unsavory behaviors, from terrorism and drug cartels to tax dodging.

But now we have a way to fight back. Take action to end anonymous shell companies.

This Sunday on 60 Minutes, shocking undercover footage showed how easy it is to use anonymous shell

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