Apple’s Singapore tax savings top Ireland’s in fiscal 2026
Apple’s 2026 Form 10‑K shows the company saved roughly $2.7 billion in taxes by routing profits through Singapore, overtaking the $2.6 billion saved via Ireland. The net Singapore benefit reflects a $5.49 billion rate difference offset by a $2.51 billion qualified domestic minimum top‑up tax and other items. Apple’s overall effective tax rate rose to 17.0% from 15.6% a year earlier.
Why it matters
The lower Singapore tax burden helped keep Apple’s effective tax rate below the 21% U.S. statutory rate, supporting earnings per share; however, the rise to 17.0% signals that future changes to global minimum‑tax rules could erode the benefit.
Key facts
- 1Apple’s net Singapore tax saving was about $2.7 billion (approximately $2.67 billion) in fiscal 2026. startupfortune.com
- 2Apple’s net Ireland tax saving was about $2.6 billion (approximately $2.56 billion) in fiscal 2026. startupfortune.com
- 3The Singapore tax‑rate difference was $5.49 billion, offset by a $2.51 billion qualified domestic minimum top‑up tax and $311 million of other items. fourweekmba.com
- 4Apple paid $3.25 billion in cash taxes to Singapore and $4.96 billion to Ireland in fiscal 2026. startupfortune.com
- 5Apple’s total tax provision was $27.06 billion on pre‑tax income of $159.2 billion, giving an effective tax rate of 17.0%, up from 15.6% a year earlier. startupfortune.com
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.