The Lighter Side Of The Cloud – A Close Call
The Lighter Side Of The Cloud – The Answers?
The Lighter Side Of The Cloud – Full Of Data
The Lighter Side Of The Cloud – The Vatican
The Lighter Side Of The Cloud – Music To The Ears

Can Increased State Taxation Hinder Cloud Computing? – Part 1

Can Increased State Taxation Hinder Cloud Computing? – Part 1

The best things in life are free, but sooner or later the government will find a way to tax them.”  – Anonymous.

Tax officials are usually the most hated representatives of the government, often without reason. However, some recent developments may well provide a valid reason to cloud component proponents to direct their ire towards state tax departments. Here’s a brief background before the specific facts.

Will Vivek Kundra’s Departure Affect Government’s Flight to the Clouds?). The US military, normally the first in line to make use of new advances in technology, have been trying to get its house in order as regards cloud computing and has approached the private sector for assistance (See: US Military Asks for Private Sector’s Help to Understand Cloud Computing).

Now, when a new technology emerges, it is expected that people would be wary of it. That is the reason why, in spite of clearly defined advantages of cloud computing over traditional IT infrastructure (See: Which Cloud Computing Quality Works for you? ), there have been people who have resisted its advance. It is true that there have been some failures (See: Should You Be Concerned? A List of Recent Cloud Computing Failures – Intuit goes down , but the advantages of going on the cloud far outweigh the risks. Most people agree, and hence, cloud computing is poised for meteoric growth (See: Where Is Cloud Computing Going? Up, Up And Away! and How BIG Is the Cloud Computing Market?).

IT heavyweights smell a great opportunity with cloud computing and are readying huge investments in the field (See: Is Microsoft Taking A Risk By Putting All Its Eggs In The Cloud Computing Basket?), reversing earlier reticence (See: Oracle – The latest Big Boy to join the Cloud Computing game) and even abandoning traditional revenue streams to target this new opportunity (See: Hewlett-Packard May Spin Off PC Business To Focus On Cloud Computing). And they are not doing this for chump change; they believe that cloud computing will earn them billions in the near future (IBM expects to generate $7 billion in cloud computing revenues by 2015: CEO).

All this enthusiasm has made cloud computing a stock market darling and led to enormous gains in participant companies’ stocks (See: Breakout Quarter for Cloud Computing Stocks ), with specific instruments being developed for investment in this field (See: Packaging Cloud Computing as an Investment – First Cloud Computing ETF Launched). In other words, there’s a lot of money in cloud computing, and obviously, this has attracted the attention of the tax collector.

In the second and concluding part of this article, I will explore the recent developments in how cloud computing is being treated with the tax authorities, and their implications.

By Sourya Biswas

sourya

Sourya Biswas is a former risk analyst who has worked with several financial organizations of international repute, besides being a freelance journalist with several articles published online. After 6 years of work, he has decided to pursue further studies at the University of Notre Dame, where he has completed his MBA. He holds a Bachelors in Engineering from the Indian Institute of Information Technology. He is also a member of high-IQ organizations Mensa and Triple Nine Society and has been a prolific writer to CloudTweaks over the years... http://www.cloudtweaks.com/author/sourya/

Sorry, comments are closed for this post.

Recent

Wearable Tech Jobs Of The Future

Wearable Tech Jobs Of The Future

Wearable Tech Jobs Wearable Technology is a very exciting industry and the sky’s the limit with new possibilities for businesses and consumers. The new technologies will make our lives easier in terms of convenience, while in other ways more complicated due to learning curve of each new product. Lets take a look at wearable tech in…

How M2M Differs From IoT Internet of Things

How M2M Differs From IoT Internet of Things

What Is M2M Machine To Machine? When it comes to communications between machines, the terms Machine to Machine (M2M) and the Internet of Things (IoT) are seemingly similar to each other. In fact, there is a very strong connection between both terms which is why they are often used as the same. However, that is…

Cloud Infographic – Top Vulnerable Applications

Cloud Infographic – Top Vulnerable Applications

Top Vulnerable Applications  As you use the Internet on a daily basis, you probably come across cyber security topics, but rarely glance at them twice. After all, cyber security threats don’t concern you, right? Well, that’s not exactly true. Cyber attacks are more widespread than you can imagine and they may be targeting your devices as…

Popular Archives

Surprising Facts and Stats About The Big Data Industry

Surprising Facts and Stats About The Big Data Industry

Facts and Stats About The Big Data Industry If you start talking about big data to someone who is not in the industry, they immediately conjure up images of giant warehouses full of servers, staff poring over page after page of numbers and statistics, and some big brother-esque official sat in a huge government building…

PaaS vs Docker – why is it such a heated debate?

PaaS vs Docker – why is it such a heated debate?

PaaS vs Docker Docker started as just a software container on top of a Linux operating system which seemed like a simple optimization for a fat hypervisor. Its disruptive force however comes from the fact that it does force us to rethink many of the layers of the cloud stack. Starting from the way we…

Sponsors

The Many Hats Of Today’s IT Managers

The Many Hats Of Today’s IT Managers

The Many Hats of IT Managers In years past, the IT department of most large organizations was much like a version of Middle Earth: a mysterious nether world where people who seemed infinitely smarter than the rest of us bustled around, speaking and typing languages that appeared indecipherable, yet, which made our world work. They…

Selling Your Business To Your Employees

Selling Your Business To Your Employees

Mobility For Your Employees It may seem a radical notion, the idea of selling your business to the people who work for you, but this is the era in which we now work. Employees of all levels are all incredibly aware of their options when it comes to mobility and employability. This doesn’t mean that…

Established in 2009

CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and internet of things (IoT) information. Our goal is to continue to build our growing information portal, by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

CloudTweaks Comic Library

Advertising