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KPMG has introduced an online resource that examines how tax authorities in 18 different countries are dealing with the challenge of taxing cloud computing services.
The new resource, Country Perspectives on Taxing the Cloud providers, is designed to help users and providers of cloud computing services as they plan their operations and activities and work to manage their tax exposure while gaining the desired benefits from this new technology.
“Cloud computing is fast becoming an attractive option for managing operational and client service needs of businesses and consumers in the United States and across the globe,” said Steven Fortier, principal-in-charge of KPMG’s U.S. Tax in the Cloud service initiative, in a statement. “Yet most tax authorities have yet to develop detailed rules and guidance for cloud-based operating models, and many business executives are neither evaluating the tax implications of cloud computing nor do they know if these factors are being evaluated within their organizations. Companies should expect added scrutiny as tax authorities become more aware of revenue implications they may face with the switch to a cloud-based operating model.”
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Read more: http://goo.gl/YXfdW
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