A new Financial Times report reveals how Apple saved billions in taxes in 2026 by shifting profits through Singapore and Ireland. Here are the details.

A few days ago, Apple published its annual Form 10-K, as required by the SEC, containing detailed information about its financial performance and operations for its 2026 fiscal year.

Included in the form, as the FT noted, is information regarding how Apple reduced its tax bill by billions of dollars through its operations in Singapore and Ireland.

For years, Apple’s tax arrangements in Ireland were the subject of scrutiny, culminating in a 2024 ruling by the EU’s top court that required the company to pay €13 billion in back taxes. Apple completed the payment in 2025.

That came a few years after Apple announced plans to bring most of its $252 billion in overseas cash back to the US, following tax reforms introduced during Donald Trump’s first administration.

Since then, to discourage companies from shifting profits to countries with lower tax rates, more than 130 countries have agreed to introduce a minimum corporate tax rate of 15% for large multinational companies, as part of a 2021 initiative coordinated by the Organisation for Economic Co-operation and Development (OECD).

Under the agreement, companies that pay less than 15% in a particular country may face additional taxes to make up the difference. 5 billion in taxes for Apple in Singapore in 2026, according to the company’s SEC filing.

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