Corporations that offer incentive stock options (ISOs) or maintain a tax-qualified employee stock purchase plan (ESPP) have an obligation to file returns with the Internal Revenue Service (IRS) and to deliver information statements to employees and former employees regarding the acquisition of shares under such arrangements. These filing obligations are intended to provide employees and former employees with sufficient information to enable them to calculate their tax obligations.
When there's a new in-house counsel added to your team, or you might be the new one, you can follow these top ten suggestions to increase the probability of success in such a transition.
This article provides an overview of the European Commission’s draft Digital Operations Resilience Act (DORA), published in September 2020. DORA was developed to support the twin goals of developing digital finance while mitigated associated risks. The need for DORA came about as result of the unique risks regulators the world over are managing due to the financial industry’s increased digitization and reliance on technology.
Because of the increased presence of the internet in everyone’s daily lives, a need has emerged for government authorities to respond to the unique challenges of a digital world. Accordingly, this article provides an overview of the Australia’s eSafety Commissioner, the world’s first regulator dedicated to online safety.
This article provides an analysis of how the Covid-19 pandemic has impacted companies specifically with so many companies having distributed workforces. In particular, the article examines the difficulties of applying vicarious liability to a distributed workforce, specifically with regards to when data breaches take place.
This article provides an in-depth look at data privacy in the modern world. Specifically, it states that data privacy statutes, the Australian Competition and Consumer Commission's (ACCC’s) Digital Platform Inquiry’s recommendations, and General Data Protection Regulation (GDPR) are insufficient to address issues with data privacy. However, it stresses the need to redraft statutes to protect the rights and interests of individual humans to live without the risk of “excessive intrusion” in order to ameliorate problems with data privacy.
Australia has been criticized in the past for its lack of direction in adopting Artificial Intelligence (AI). However, the Australian government has been working to reinvent its approach to coordinate government policy and national capability to make Australia a leading digital economy within the next decade. This article provides an overview of the steps the government is taking to achieve that objective.
This article provides an overview of the Australian government’s ongoing reforms of laws aimed at protecting the country’s ‘critical infrastructure assets’ and ‘systems of national significance.’ The overview includes an outline of the three key provisions of the Exposure Draft of the Security Legislation Amendment (Critical Infrastructure) Bill 2020, released on 9 November 2020.