The Future of Incentive Compensation & Blockchain
ABA 2022 Fall Tax Meeting
Date: October 15, 2022
Time: 10:30AM - 11:30AM (EST)
Location: Hyatt Regency Dallas
This session will present a background primer on the concepts of blockchain and cryptocurrency and then apply that background to a discussion of the various tax and securities law concepts that apply to the utilization of cryptocurrency as a compensation tool. The panelists will discuss issues raised by using cryptocurrency in lieu of cash to compensate employees and other service providers, and will also address the ways that cryptocurrency can form the basis of various forms of incentive compensation. The latest guidance regarding investing qualified retirement plan assets in cryptocurrency will also be presented.
Moderator: Stefan P. Smith, Baker & Hostetler LLP
Panelists: Teresa Goody-Guillen, Baker & Hostetler LLP; Anne L. Bruno, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.; Michelle Capezza, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
Learning Objectives: After attending the session, the participant will be able to:
- Be familiar with the concepts of blockchain and cryptocurrency; •Understand the tax and securities law considerations relating to compensating individuals with cryptocurrency;
- Identify compliance considerations relating to utilizing cryptocurrency in incentive and deferred compensation arrangements; and
- Apply the latest guidance on providing cryptocurrency as an investment option in a tax qualified retirement plan
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