A Primer on the Tax Implications of Cloud Computing

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Hosts: From TaxWatch

Date/Time: June 13, 2012 | 2:00pm ET

A Primer on the Tax Implications of Cloud Computing

 


 

Event Overview

With the market for cloud computing projected to soar from $40.7 billion in 2011 to $241 billion in 2020, companies have a powerful incentive to change their business models to support cloud-based commerce.


In recent months it has become clear that the discussion has moved beyond technology itself and cloud has become a key priority for business leaders. For tax professionals, the interest in cloud may be associated with identifying and understanding the tax risks and recognizing the tax savings opportunities for their business. Technology specialists, while understanding and acting upon the information relevant to their area of expertise, have likely not factored in the potential tax issues for providers and subscribers of cloud services.


This TaxWatch webcast serves as the opening of a series of events highlighting the tax considerations inherent in adopting cloud for your business. A cross-functional team of Tax and Advisory leaders explain the various cloud models, while shedding light on the possible tax issues embedded.


The discussion also includes specific examples of how businesses are utilizing the cloud and taking advantage of the tax benefits, while avoiding the pitfalls. Through the course of the summer-long series, we will take a deeper look at the various state, local and international tax issues that companies need to focus on.

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As companies continue to embrace the cloud, there is a growing need for tax departments to identify and understand the unique issues that arise when utilizing the cloud.