Apple saved $2.7 billion in taxes by booking profits in Singapore, the Financial Times reports.
The tech giant’s strategy leverages Singapore's favorable tax environment for multinational corporations, according to FT’s analysis of recent filings.
Singapore Airlines has also announced new business class cabins set to debut in 2027, per Runway Girl Network.
Meanwhile, a U.S. Navy supercarrier, the USS Theodore Roosevelt, is currently docked in Singapore before deploying to the Middle East, Forbes notes.
E14 places every story on a stack of fifteen floors, from the fields under everything to the planet acting as one. This one sits on E10, institutions; the pressure it names: tax savings. Its words also reach E11 organizations, E12 states and E9 cultures.
Here it is a dynamic between institutions, organizations and states: $2.7 billion in taxes (E10 institutions), with Apple, Singapore Airlines and USS Theodore Roosevelt (E11 organizations), and U.S. Navy supercarrier (E12 states).
The floor of money and rules. In this briefing: $2.7 billion in taxes.
The floor of companies and infrastructure. In this briefing: Apple, Singapore Airlines, USS Theodore Roosevelt.
The floor of states and force. In this briefing: U.S. Navy supercarrier.
The floor of culture and meaning. In this briefing: business class cabins.