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Singapore Saved Apple $2.7 Billion in Taxes This Year
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Singapore Saved Apple $2.7 Billion in Taxes This Year

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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 .…

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