Video Library

A $5 Trillion Problem: The Need for Global Tax Transparency in Addition to Minimum Taxes

Senator Van Hollen joined the Financial Accountability and Corporate Transparency (FACT) Coalition for the launch of the 2021″State of Tax Justice” Report

November 16 – 11a.m.-12 p.m. EST

The 2021 “State of Tax Justice” report–a collaboration between Tax Justice Network, the Global Alliance for Tax Justice and Public Services International–follows close on the heels of the Pandora Papers, and together these exposés reveal anew the ways in which multinationals, the global elite and criminals can take advantage of intertwined  “offshore” financial markets to hide from taxes and public accountability.

As the world continues to fight the COVID-19 pandemic and search for capital to equitably address climate change, the global community cannot afford a separate, secretive financial and tax system enabling $5 trillion dollars in tax avoidance over the next decade. While recent OECD negotiations resulting in a global minimum corporate tax adopted by G-20 leaders late last month can work to address portions of the problem, more must be done to dismantle secrecy practices that enable the “offshore” system. 

Join Senator Van Hollen and our policy experts to discuss the findings of the 2021 State of Tax Justice report and the tax transparency and enforcement tools necessary to buttress ongoing efforts to more meaningfully combat global tax-avoidance.


  • Senator Van Hollen (D-MD), Sponsor of the Disclosure of Tax Havens and Offshoring Act (S. 1545)
  • Alex Cobham, Chief Executive, Tax Justice Network
  • Tove Maria Ryding, Eurodad
  • Ryan Gurule, Policy Director, FACT Coalition