Singapore Saved Apple $2.7 Billion in Taxes This Year

Apple paid more income tax in Ireland than in Singapore in fiscal 2026, but it saved more in Singapore. Apple's annual report shows that the company paid $4.96 billion in cash income taxes in Ireland and $3.25 billion in Singapore. Against the 21% U.S. federal corporate tax rate, Singapore lowered Apple's tax expense by $2.67 billion, about $100 million more than Ireland did. Singapore's lower tax rate and incentives would have saved Apple $5.49 billion before other taxes and adjustments. A $2.51 billion top-up tax erased nearly half of that initial saving. Singapore introduced the tax to bring the effective tax rate for qualifying large multinationals up to 15%. Fiscal 2026 was the first year Apple disclosed these figures by country in its annual report under new U.S. accounting rules. Apple reported a combined figure for its foreign subsidiaries in fiscal 2025 and 2024, so those years offer no direct comparison between Singapore and Ireland. The Financial Times estimated that Apple booked up to $50 billion in pretax profit in Singapore in 2026. Apple's Singapore subsidiaries reported nearly $40 billion a year earlier. Apple can earn a profit in one country even when the customer is in another. Its Singapore business sells products and services to other Apple companies overseas, so it can earn part of the profit before a product reaches the customer. In Ireland, an Apple subsidiary handles sales in several markets. Profits those businesses earn can qualify for lower taxes under local rules. Note: This discussion thread is located in our Political News forum with special rules. Popular StoriesApple Taking New Approach to Developing iOS 28 and macOS 28Apple has made a change to its development process for iOS 28, macOS 28, and corresponding software updates, according to Bloomberg's Mark Gurman. In his Power On newsletter today, he said Apple separates development of each year's new operating systems into three major stages. Typically, he said each stage consists of four weeks of coding followed by a four-week "convergence" period where...More Fun iPhone Duo Apps: 30 New Picks to TryFriday November 6, 2026 3:27 pm PST by Juli CloverWhen the iPhone Duo launched, we shared a list of some of the fun apps developers created for the new form factor. Two weeks out, developers are continuing to come up with fresh ideas, so we thought we'd share some of our favorites. Games Marbles Unhinged ($2.99) - Marbles Unhinged is a marble maze designed for the Duo. When you fold it, the floor turns into a ramp. If you stand the top...Apple Launching Five New Products TodayThursday November 5, 2026 12:59 am PST by Tim HardwickApple is launching five new products on Friday, November 6, following pre-orders that opened last week, including its first touchscreen MacBook Pro models. The following new products will be available from today: iPad mini with OLED display and A20 Pro chip iMac with M6 chip 14-inch MacBook Pro with M6 chip 14-inch MacBook Pro with OLED touchscreen 16-inch MacBook Pro with OLED...