Tax Implications of Cloud Computing

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.

KPMG has hosted a series of webcasts highlighting the tax considerations inherent in adopting cloud for your business. Through the series, KPMG professionals have introduced the cloud operating models, highlighted the state and local tax issues, as well as international tax issues.

 

•  A Primer on the Tax Implications of Cloud Computing
• State and Local Tax Implications of Cloud Computing
• International Corporate Tax Implications of Cloud Computing 
• VAT Implications of Cloud Computing
• Transfer Pricing in the Cloud

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.  

 

Learn from KPMG professionals who examine the potential tax implications of adopting cloud for your business.  

 

• Tax Left Out of Company Decisions on Cloud, KPMG Survey Reveals
• Why Tax Directors' Heads Should Be in the Cloud 
• Tax in the Cloud: A briefing for Tax Directors
• State Taxation of Cloud Computing: A Framework for Analysis
• Take Time to Investigate Tax Implications in the Cloud
• Cloud Computing: U.S. Tax Compliance Complexity for Foreign Subsidiaries

 

¹Bloomberg Business Week, August 25, 2011

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.

 

 

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

 

 

Steve Fortier

Principal - Cloud Enablement Program Tax Lead

stevenfortier@kpmg.com

+1 312-665-1416