Which of the following statements is INCORRECT regarding income shifting strategies across jurisdictions?

Multiple choice question.

Taxpayers that operate in multiple countries should always incorporate in the country with the lowest tax structure in order to pay taxes in that country.

Although tax laws may be more favorable in other countries, negative publicity may hamper operations of companies who move operations overseas.

The differences in tax rates and tax laws across jurisdictions can often be used to maximize after$-$tax wealth.

The IRS is likely to closely scrutinize companies who operate in multiple jurisdictions.