Ah, I missed that part. You're right in that case! I'm just so used to the EU coming up with new rules without reasonable exemptions that I assumed the same here.
Sorry, I missed where this was mentioned in the article. Can you supply a link to the reference if it is not in the article?
I did see the following quote:
> The rules on making multinationals pay taxes where they operate - known as "pillar one" of the agreement - would apply to global companies with at least a 10% profit margin.
So that would never happen. You’d have to make a ton of money there before you have to file taxes. And it’ll be worth it by then.