The ‘OECD effect’ hits Apple’s accounts: its effective tax rate climbs to 17%
Hidden in the fine print of its latest annual report to the SEC, the tech giant admits to a rise in its effective tax rate to 17%. The international crackdown on tech companies' tax avoidance is already showing in their accounts.
Apple Inc.'s effective tax rate rose to 17.0% in the fiscal year ending September 26, 2026, up from 15.6% the previous year. The increase is primarily due to a higher effective tax rate on foreign earnings, resulting from global tax reforms led by the Organisation for Economic Co-operation and Development (OECD). Apple paid an additional $2.51 billion in taxes in Singapore, which alone added 1.6 percentage points to its global tax rate.
The company's total tax provision surged to $27.062 billion, up $6.343 billion from 2025. Despite the increase, Apple's financial performance remained strong.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
