Technology's Evolution May Be A Boon to States' Bottom Line as Tax Considerations Shift
1/11/2012
As many states continue to struggle with the escalation and prevalence of budget gaps, new attention is being place on rules that expand both the definition of “doing business” in that state and services that are subject to sales tax. This has a particular impact on the technology industry as it applies to “Amazon”/remote seller nexus and “cloud computing.”
Click here to read “State Tax Considerations in Light of the Constantly Evolving Use of Technology,” which discusses such key issues as:
- Defining “Amazon”/remote seller status, and why many states see it as a boon to their bottom line;
- The potential tax risks associated with it;
- What the advocates say, and what J.H. Cohn has seen to be the potential drawbacks;
- Defining “cloud computing,” and why its definition is so critical; and
- Understanding what is—and is not—taxable, and why being considered a “service” or a “software” really matters.
This has been prepared for information purposes and general guidance only and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and J.H. Cohn LLP, its members, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.