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Apple allegedly saves almost S$3.5 billion in taxes after routing earnings to Singapore, says FT report

SINGAPORE: A recent report says that Apple was able to save US$2.7 billion (nearly S$3.5 billion) in taxes through booking a significant portion of its foreign profits in Singapore. On Sunday (Nov 8), The Financial Times estimated that the tech giant booked up to US$50 billion (S$63.8 billion) in pretax profit in Singapore this year, US$10 billion more than in the year before. Apple’s Singapore…

First reported by The Independent Singapore 1 source
Image: The Independent Singapore
Image: The Independent Singapore
Read at The Independent Singapore(opens in a new tab)

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  1. The Independent Singapore

    Apple allegedly saves almost S$3.5 billion in taxes after routing earnings to Singapore, says FT report (opens The Independent Singapore in a new tab)

    SINGAPORE: A recent report says that Apple was able to save US$2.7 billion (nearly S$3.5 billion) in taxes through booking a significant portion of its foreign profits in Singapore. On Sunday (Nov 8), The Financial Times estimated that the tech giant booked…

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