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The Group of 7 summit didn’t just give leaders toasted marshmallows and sea shanty serenades: It also provided crucial momentum for a new tax measure that could revolutionize international taxation.

The global minimum corporate tax rate is a measure that’s gained increased prominence amidst tax talks. It would impose a non-binding minimum rate on multinational companies, a disincentive to those companies fleeing one country for another with lower taxes.

That tax could also bring in $150 billion, according to a Bloomberg report which cited Pascal Saint-Amans, who directs the Organization for Economic Cooperation details ⇒

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