[12406]
July 31, 2000
TO: ACCOUNTING/TREASURERS COMMITTEE No. 29-00
INTERNATIONAL COMMITTEE No. 23-00
TAX COMMITTEE No. 32-00
RE: DATA COLLECTION FOR 2000 PFIC SURVEY UPDATE
For the past several years, the Institute has undertaken to collect information from its members
regarding foreign companies that may be passive foreign investment companies or “PFICs.” After the
information is aggregated and the names of the firms providing the information are deleted, a “PFIC
survey update” is distributed. Attached is a copy of the latest PFIC survey update, dated September 29,
1999.
Please review the attached update and make any deletions, additions or corrections to the
“category one”1 and “category two”2 PFIC listings that are required, either by marking up the PFIC
update or in a short memorandum. With respect to the addition of any “category one” company, please
include a copy of any publicly-available document identifying the company as a PFIC.
Survey results should be sent to the Institute’s Ezella Wynn by e-mail (to ewynn@ici.org), by fax
(at 202 326-5841) or by mail, no later than Wednesday, September 6, 2000.
Thank you in advance for your participation in this important survey. If you have any questions
regarding the survey, please contact the undersigned (at 202 371-5436).
Deanna J. Flores
Assistant Counsel
Attachment
Attachment (in .pdf format)
1 “Category one” companies are identified in their offering documents, annual reports or other company-generated, publicly-
available documents as being (or as likely being) PFICs.
2 “Category two” companies are companies (other than “category one” companies) that one or more Institute members treat, or
suspect should be treated, as PFICs.