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

Apple allegedly saves almost S$3.5 billion in taxes after routing earnings to Singapore, says FT report
Photo: The Independent Singapore · view original

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...

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