Suppose you asked your favorite $AI$ query tool: $"Is$ multijurisdictional tax$-$motivated income shifting $an$ example $of$ the conversion strategy?" The $AI$ tool provided the following response:

Yes, multijurisdictional tax$-$motivated income shifting $isan$ example $of$ the conversion strategy $in$ tax planning. The conversion strategy involves converting income $or$ transactions from a high$-$tax jurisdiction $to$ a lower$-$tax jurisdiction, aiming $to$ minimize tax liability. This strategy takes advantage $of$ differences $in$ tax rates $in$ differing countries and states $to$ reduce overall tax burdens. The strategy $is$ used $by$ multinational corporations with affiliates $in$ different jurisdictions. $It$ can involve strategies such $as$ setting $up$ subsidiaries, transferring intellectual property, utilizing tax treaties, $or$ structuring transactions $to$ take advantage $of$ tax incentives available $in$ certain regions.

Because tax laws change frequently, $itis$ important $to$ stay informed about tax law changes and consult with tax professionals $to$ ensure compliance and maximize tax benefits.

$Is$ the $AI$ response correct? Explain.