Apple saves $2.7bn in taxes by booking profits in Singapore
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4 Articles
This year, the US tech company saved 2.7 billion dollars in taxes by shifting corporate profits to Singapore. The so-called profit shift makes possible.
Apple's Singapore profit booking saved $2.7bn in tax, more than Ireland did
Apple's fiscal 2026 filing shows a $5.49 billion Singapore rate benefit shrinking to about $2.67 billion after a $2.51 billion top-up tax. The effective tax rate rose to 17.0% from 15.6%, and Ireland's net saving was roughly $2.56 billion.
Apple reduced its tax bill by $2.7 billion this year by funneling profits to Singapore, new data reveals how the country has become the tech giant's biggest tax haven.
Apple saves $2.7bn in taxes by booking profits in Singapore
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