Texas: Taxes and Infrastructure for New ICT #gov20

Texas, Taxes and The Cloud

Texas, Taxes and The Cloud

Texas made some decisions about ecommerce and taxes that may cause some issues for the way new ICT is rolled out worldwide.  I am torn on the decision itself, but want to call out the discussion as one in which governments need to engage.

This has been a hot topic for years.  When the Internet was nascent it was in need of positive tax treatments to encourage its development.  They received much of that and the world has benefited greatly.  While it has absolutely become a huge additive to our global economy, the need for subsidization may indeed have gone away.

However, the cloud is now nascent and we cannot ignore the potential application of decisions like those in Texas could adversely affect the tax treatment of cloud providers across the world.  Much more than the Internet, the cloud is a platform upon which a multitude of innovations could ride.  Much future growth could come from the viable competition of multiple platforms riding on the cloud.  And tax treatments of such services are an important component to how well these new ideas will be able to come to fruition in a challenging economic environment.

So, the question is, should Governments create an ongoing exemption for the cloud or hammer out the details about where revenue is realized so that companies can rely on something when making deployment decisions?

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Matt Miszewski has been a leader of incredible teams, that accomplished unbelievable goals - together. From rebuilding an enterprise technology strategy from the ground up as Chief Information Officer of the State of Wisconsin to driving a struggling global sales and marketing team to live beyond their potential and helping take their stock from $45/sh to over $110/sh, I have been honored to take on huge challenges and beat them by building collaborative and high performing teams. I was proud to be a regular speaker on Digital Realty's earnings call each quarter and being able to brief and advise the Board of Directors each quarter. Focusing on our shareholders needs while coupling that focus with the needs of our top customers was the combination the street was searching for and our increase in equity value proves the effort worthwhile. Our focus on total leasing costs, net present value of long term leases, closing the gap on cash performance and elimination of stagnant inventory helped to drive a stalled stock. Most proud of standing up a revenue engine that will be used for decades including a renewed global salesforce, inside sales expertise, demand generation focus, new global Partners and Alliances program, sales operations team and a heightened focus on connecting lead development to sales outcomes (including a new social marketing program, AR/PR, digital presence, brand identity refresh, SEO/SEM and a regular campaigning process). Combining decades of technology leadership with this commercial success creates an incredible package to unleash revenue and hack growth for companies from any industry out there.

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