Tax Implications of Cloud Computing

Tax in the Cloud

Tax implications of Cloud

With the market for cloud computing projected to soar from $40.7 billion in 2011 to $241 billion in 20201, companies have a powerful incentive to change their business models to support cloud-based commerce.

 

As companies continue to embrace the cloud, there is a growing need for tax departments to identify and understand the unique tax issues that arise when utilizing the cloud. There are a number of challenges and opportunities that come into play when adopting a cloud business model, and considering the tax implications may improve a company's bottom line performance and operating effectiveness.

Have you considered tax?

KPMG recently conducted a survey of over 200 senior corporate tax professionals to gauge their perception of the challenges and benefits of cloud computing, how it affects their organizations, and whether it is a priority for them.

 

Click below to read the full report.  

 

Tax in the Cloud

Country perspectives

KPMG member firms take a look at how tax authorities are approaching the challenge of cloud computing, by examining the provisions in place, the likely interpretations and potential taxes applied.

 

Click below to access the online tool.

 

Country Perspectives on Taxing the Cloud

 

Learn what KPMG can do for you

For further information about KPMG services around Tax in the Cloud, please contact:

 

Steve Fortier

 

Steve Fortier

Principal - Cloud Enablement Program Tax Lead

stevenfortier@kpmg.com

+1 312-665-1416