Which of the Following Statements Is FALSE

Which of the following statements is FALSE?

A) Under Australian tax law, multinational corporations may use any excess tax credits generated in high-tax foreign countries to offset their net Australian tax liabilities on earnings in low-tax foreign countries.
B) Firms can lower their taxes by pooling multiple foreign projects and accelerating the repatriation of earnings.
C) If the Australian tax rate exceeds the combined tax rate on all foreign income, it is valid to assume that the firm pays the same tax rate on all income no matter where it is earned.
D) If the foreign tax rate exceeds the Australian tax rate, because the Australian tax credit exceeds the amount of Australian taxes owed, no tax is owed in Australia.