The Cloud (Tax) Platform
Grazed from AccountingToday. Author: Jim Ericson.
On the eve of an election in a year full of rancor over whether taxation belongs at the federal, state or local level, corporate IT buyers are already getting a taste of how regional levies could affect their current costs and future strategies. The new wrinkle amid growing demand for departmental and line of business technology comes in state taxation of cloud computing, services that move the delivery and maintenance of business tools into the hands of third-party providers.
“There is a lack of uniformity nationwide addressing the taxation of traditional versus cloud services and it’s causing lots of headaches,” says Carolynn Iafrate Kranz, a partner, Kranz & Associates, PLLC, a boutique law firm specializing in state and local tax consulting…


