{
  "id": 19315936,
  "title": "Apple pays US$3.3 billion in Singapore income tax for FY2026, benefiting from lower taxes",
  "url": "https://urgent.news/2026/11/10/apple-pays-us-3-3-billion-in-singapore-income-tax-for-fy2026",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-10T09:14:04.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/apple-pays-us3-3-billion-singapore-income-tax-fy2026-benefiting-lower-taxes"
  },
  "original_language": "en",
  "account": "Apple paid US$3.3 billion in income tax to Singapore for its 2026 financial year, taking advantage of the country's lower tax rates and incentives. This payment represented about 9.4% of Apple's total worldwide cash income tax payments of US$34.6 billion. The Singapore government's tax rates and incentives reduced Apple's tax expense by US$5.5 billion, compared to applying the US federal statutory rate of 21%. However, Apple faced an additional US$2.5 billion top-up tax expense due to Singapore's implementation of a 15% global minimum tax. Despite these tax costs, Apple's overall tax expense in Singapore was about US$2.7 billion lower than its US benchmark. The tech company did not disclose its exact effective tax rate in Singapore.",
  "summary": "The city-state’s tax rates and incentives reduces the tech giant’s tax expense by US$5.5 billion",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}