Cloud and Tax: What CIOs Need to Know Before Making the Move
March 2, 2013
Cloud computing is a technology megatrend that increasingly affects all industries, from technology companies such as cloud service and infrastructure providers, to brick-and-mortar companies using the cloud to reduce information technology (IT) and infrastructure costs.
However, many CEOs and CIOs have not grasped the full impact on their organizations of this technology megatrend as they increasingly look to adapt it to their businesses to meet new challenges. One important area of oversight is the potential impact on the global tax position of the company. This brief article summarizes the key issues and the questions to ask in assessing the implementation of a cloud strategy…
The promise of cloud computing technologies is to help fill companies’ insatiable need to increase capacity and manage information in a way that’s scalable. It can save companies from building out significant, new infrastructure and processes as their businesses grow. Many of the largest technology companies today are working to acquire or develop the critical cloud technologies they need to stay competitive. According to Ernst &Young’s Global Technology M&A…
Read more from the source @ http://www.wired.com/insights/2013/03/cloud-and-tax-what-cios-need-to-know-before-moving-to-the-cloud/