The “Tax Cuts and Jobs Act” signed December 22, 2017 (the “Tax Act”) changes US tax considerations for cross-border services outsourcing and cloud agreements. Whether you are a customer or a provider of services, you should evaluate your existing and planned outsourcing and cloud services arrangements to determine whether you may take advantage of these changes. The effect of the Tax Act is complex and will vary from deal to deal and company to company, and you should consult with your tax specialists. This Legal Update provides a high-level summary of those changes that we believe will most directly impact the economics and the structure of the outsourcing and cloud services arrangements.
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