Recently proposed IRS regulations would significantly affect tax on income from international cloud transactions and electronic transfers of digital content. Accordingly, CFOs should review the structure of agreements involving such transactions and transfers.

Issued on Aug. 9, the proposed regulations represent an attempt by the IRS to catch up with technological advancements, two decades after it issued regulations addressing the U.S. federal income tax treatment of cross-border transfers of computer programs.

Click here to read the full article, “IRS Aims to Catch Up to Tech Advancements,” written by Greenberg Traurig Tax attorneys Erez I. Tucner and Pallav Raghuvanshi, published on