Cloud Computing Services and Taxing
Information Technology (IT) services constitute a central division in almost all multinational companies in their objective to do business and generate revenues. Among the most recent tools of IT employed by businesses for their operations is ‘cloud computing’. Broadly speaking, a cloud computing service provides omnipresent and easy, on-demand network access to a consortium of configurable computing resources including networks, servers, storage, applications and services, which can be provisioned in a short time and released with minimum effort from the management and service provider. This effectively means that Cloud works on demand, is available anywhere, at any time, provided there is internet connection and is scalable, which means that the user can scale the amount of Cloud Computing services or goods required as and when required or for example when their business grows and requires more resources for more users. Multinational businesses are switching to t...