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Apple saved about $2.7 billion in taxes in 2026 by booking up to $50 billion in profits in Singapore and benefiting from tax incentives and exemptions, surpassing Ireland, where it saved about $2.6 billion. Its Singapore-based companies report profits from activities including sales, marketing and intellectual-property development, while transactions between subsidiaries allow profits to be allocated across countries. But the reported savings are not a final net gain: Singapore clawed back about $2.5 billion from Apple through a top-up tax under the 15% global minimum tax rules, illustrating that tax competition through incentives continues despite those rules.
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