How Samoa became a tax link for Aussie super funds
A Singapore-based offshore fund marketed aggressively for Australians to set up Samoan super funds, and helped some money come Down Under too.
A few blocks from the blue sea and palm trees of Samoa’s capital, Apia, lies a bland three-storey building next to a hardware and agriculture store.
From a registered office inside that building, specialist trusts administration business Asiaciti Trust casts its tax-effective magic, which over the years has included setting up controversial superannuation funds worth hundreds of millions of dollars for Australians.
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