SECTION 5. DRAFTING

INFORMATION

The principal author of this revenue procedure is Gregory A. Spring of the Office of Chief Counsel (International). For further information regarding this revenue procedure, contact Gregory A. Spring at (202) 622–3870 (not a toll-free call), or write to the Internal Revenue Service, Office of the Associate Chief Counsel (International), Attention: CC:INTL:BR5, 1111 Constitution Avenue, N.W., IR–4554, Washington, D.C. 20224.

2003, the relevant domestic investment yields are:

5.5 percent for foreign life insurance companies, and

3.7 percent for foreign property and liability insurance companies. .03 SOURCE OF DATA FOR 2004. The section 842(b) percentages to be used for the 2004 tax year are based on tax return data following the same methodology used for the 2003 year.