The United States accused the European Union of grabbing revenue intended for U.S. coffers when it ordered Apple Inc. to pay up to $14.5 billion in back taxes, a decision that could come up at an international summit in China next week. "I have been concerned that it reflected an attempt to reach in to the U.S. tax base to tax income that ought to be taxed in the United States," U.S. Treasury Secretary Jack Lew said at an event to discuss Washington's position ahead of a meeting of the Group of 20 industrial nations.
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