Finance: Tax in the Cloud [SLIDESHOW]

May 6, 2013

On a scale from 1 ("not significant") to 5 ("very significant"), respondents rated the significance of the following tax issues related to adopting cloud-based technology.

Dave Blanchard

On a scale from 1 ("not significant") to 5 ("very significant"), respondents rated the significance of the following tax issues related to adopting cloud-based technology.

"Executives are starting to fully appreciate the potential transformative value that cloud can bring to the enterprise," says Rick Wright, head of consulting firm KPMG's global cloud enablement program. Cost reduction (48%) tops the list of objectives executives are seeking from cloud adoption, according to a recent KPMG survey, followed by business process transformation (24%) and new market entry (24%).

However, 75% of respondents said that the tax implications of moving to the cloud play a big part in their decision-making process. While respondents also said they feel confident that their companies can overcome the various tax issues, a separate KPMG survey of corporate tax professionals indicates that less than half of the companies include their tax department in up-front discussions of cloud initiatives.

About the Author

Dave Blanchard | Senior Director of Content

Focus: Supply Chain

Call: (941) 208-4370

Follow on Twitter @SupplyChainDave

During his career Dave Blanchard has led the editorial management of many of Endeavor Business Media's best-known brands, including IndustryWeek, EHS Today, Material Handling & Logistics, Logistics Today, Supply Chain Technology News, and Business Finance. He also serves as senior content director of the annual Safety Leadership Conference. With over 30 years of B2B media experience, Dave literally wrote the book on supply chain management, Supply Chain Management Best Practices (John Wiley & Sons, 2010), which has been translated into several languages and is currently in its second edition. He is a frequent speaker and moderator at major trade shows and conferences, and has won numerous awards for writing and editing. He is a voting member of the jury of the Logistics Hall of Fame, and is a graduate of Northern Illinois University.