{
  "id": 19181717,
  "title": "Singapore Saved Apple $2.7 Billion in Taxes This Year",
  "url": "https://urgent.news/2026/11/09/singapore-saved-apple-2-7-billion-in-taxes-this-year",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-11-09T16:27:30.000Z",
  "source": {
    "name": "MacRumors",
    "slug": "macrumors",
    "url": "https://www.macrumors.com/2026/11/09/singapore-saved-apple-2-7-billion-in-tax/"
  },
  "original_language": "en",
  "account": "Apple's fiscal 2026 annual report reveals that the company paid significantly less in taxes in Singapore compared to Ireland. While Apple paid $4.96 billion in cash income taxes to Ireland under the 21% U.S. federal corporate tax rate, it saved $2.67 billion by paying only $3.25 billion in Singapore. Prior to adjustments, Singapore's lower tax rate and incentives would have saved Apple an estimated $5.49 billion in taxes. However, a $2.51 billion top-up tax reduced this saving by nearly half. Singapore introduced this higher top-up tax to align the effective tax rate for qualifying large multinationals with 15%. This is the first year Apple disclosed these country-specific tax figures under new U.S. accounting rules. Apple's Singapore subsidiaries reported nearly $40 billion in revenue in fiscal 2025, the same year Apple reported a combined figure for its foreign subsidiaries. The Financial Times estimated that Apple booked up to $50 billion in pretax profit in Singapore in 2026, highlighting the company's ability to generate profits in multiple jurisdictions, even when customers are located elsewhere.",
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "9to5Mac",
        "title": "Report: Apple saved over $5 billion in taxes through Singapore and Ireland in 2026",
        "url": "https://urgent.news/2026/11/09/report-apple-saved-over-5-billion-in-taxes-through-singapore-and",
        "published": "2026-11-09T20:47:38.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}