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Study of Fortune 500 companies suggests states lost $42.7 bln in revenue.
Sen. Levin calls break for repatriated profits a failed policy.
Twenty-five chief execs earned more than company paid in federal income taxes.
Cutting down on ‘offshore trickery’ could help reduce deficit, Levin says.
Cutting down on ‘offshore trickery’ could help reduce deficit, Levin says.