Apple dodged $2.7 billion in taxes by funneling profits through Singapore.
The Verge ·
The company has made the city-state its largest tax shelter, attributing up to $50 billion in profits to its hub there. According to the Financial Times, that’s slightly more than the $2.6 billion saved via its Ireland headquarters. [Link: Apple saves $2.7bn in taxes by booking profits in Singapore | https://www.ft.com/content/49453406-99f2-4f5b-8f5d-01dc8cac5ede?syn-25a6b1a6=1 | Financial Times]