Apple Inc. completed an agreement with Ireland enabling the company to transfer roughly €13 billion ($16 billion) into a Dublin escrow account, in a step toward complying with a European Commission tax order.
The executive body of the European Union ruled in 2016 that Apple had underreported profit in Ireland over more than a decade because of two tax deals with the Irish government. The EU viewed the tax treatment as illegal state aid that must be repaid. Ireland and Apple, which has a large facility in the city of Cork,...