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Apple saves 2.7 billion in taxes via Singapore

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 08/11/2026, 09:41:24 UTC.

Briefings

Apple reduced its 2026 fiscal bill by $2.7 billion due to profits in Singapore, exceeding Ireland's $2.6 billion. New US tax rules require significant foreign profit differentiation, leading to an estimated $50 billion in Singapore profits. Singapore collected $2.5 billion in 2026 via a 15% minimum global tax rate, while the effective rate between 2023-2025 was around 10%. Apple declined to comment.

Key points

• Apple reduced its 2026 fiscal bill by $2.7 billion due to profits in Singapore, exceeding Ireland's $2.6 billion.
• New US tax rules require significant foreign profit differentiation, leading to an estimated $50 billion in Singapore profits.

Context

Apple's fiscal bill reduction stems from Singapore profits exceeding Ireland's $2.6 billion. New US tax rules require significant foreign profit differentiation, leading to an estimated $50 billion in Singapore profits. Singapore collected $2.5 billion in 2026 via a 15% minimum global tax rate, while the effective rate between 2023-2025 was around 10%.

Limitations

Data sourced from Financial Times (paid access). Estimates of $50 billion profits are projections based on reported figures. Apple declined to comment on the specific amounts. Effective tax rates between 2023-2025 are estimated at 10% and not confirmed.

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