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(2) The President's Proposal helps prevent unjustified tax shelters by clarifying the circumstances under which transactions have "economic substance" (as opposed to being undertaken solely to obtain tax benefits) and raises the penalties for transactions that lack economic substance.
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Not to be undertaken lightly.
It is not to be undertaken lightly.
But it had to be undertaken nonetheless.
A formal study has yet to be undertaken.
There remain great challenges of exploration to be undertaken.
Tells about the project & studies to be undertaken.
This is not a step to be undertaken lightly.
A statement of the task to be undertaken.
"There are reforms that need to be undertaken.
However, changes are evidently still not to be undertaken lightly.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com