NO.PZ201511200300003106
问题如下：
Açor’s recommendation regarding asset location in Bañuq’s portfolio is most likely an example of tax:
选项：
A.deferral.
B.reduction.
C.avoidance.
解释：
C is correct. Changing the location of high- dividend- paying equities away from Bañuq’s taxable account to a retirement account with tax- free earnings and future liquidity events is an example of a tax avoidance strategy. Implementing this asset location change will eliminate the taxes that Bañuq would have been required to pay on investment income and gains in this account.
Açor will recommend changing the asset location of high- dividend- paying equities that Bañuq owns from a taxable account to a retirement account with tax- free earnings and withdrawals.
从原文的意思来看，有点搞不清楚这个语法关系，"a retirement account with tax- free earnings and withdrawals"，这里是在表达“这个retirement account不收取earning与withdrawl的税收”么？
