Which of the Following Statements Is Not Correct in Relation

Which of the following statements is not correct in relation to tax rate changes?

A) An increase in tax rates will create an expense where an entity has deferred tax liabilities.
B) Across time it is likely that governments will change tax rates.
C) A decrease in tax rates will create an income where an entity has deferred tax assets.
D) Changes tax rates will have implications for the value attributed to pre-existing deferred tax assets
E) Deferred tax arising from changes to tax rates is recognised in either the income statement or to equity (if they had been previously charged to equity) .