Sen. Kelly Loeffler helped big banks get offshore tax relief after the Great Recession

Sen. Kelly Loeffler, the appointed Georgia Republican who faces a tough election race this fall, helped her company establish a Cayman Islands offshore tax dodge months after the Great Recession hit. This allowed some of the world’s biggest banks to avoid paying U.S. taxes on their risky Wall Street bets — including on the financial instruments that were key contributors to the global economic collapse.

Loeffler, the wealthiest member of Congress, at the time served as the top…

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