Tax Directors Pulled Unwillingly into the Cloud
September 8, 2012
Tax departments are being excluded from discussions about whether it’s a good idea for their companies to move into cloud computing, despite security concerns.
That raises the possibility of tax risks, lost cost-saving opportunities and decreased return-on-investment for cloud projects. While the use of cloud environments continues to be increasingly embraced by companies, 52 percent of a group of senior U.S. corporate tax professionals surveyed by KPMG saif they are generally not included in discussions with top management of other groups in their organizations to provide the tax perspective on cloud initiatives…
A significant majority of more than 200 respondents from a cross-section of U.S. companies also said they have not been involved in updating their CFO or board on the tax issues related to the cloud nor could they say definitely when their own department is likely to use cloud to its fullest extent, the survey revealed…
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