- 10 -
Apportioned
Interest to foreign Ratio
1984 expense source income percent
Kee Leasing Co. $408,197 $154,339 37.81
666 Leasing Co. 4,083,327 1,964,080 48.10
670 Leasing Co. 1,669,360 610,485 36.57
650 Leasing Co. 536,038 270,003 50.37
652 Leasing Co. 613,066 176,024 28.71
653 Leasing Co. 636,635 118,974 18.69
667 Leasing Co. 3,018,359 885,134 29.33
Sun Leasing Co. 4,689,864 2,059,788 43.92
NY Sun Shipping 9,712,823 9,165,743 94.37
Phil Sun Shipping10,551,646 4,687,164 44.43
Tropic Sun Shipping644,883 313,703 48.64
Sun Transport, Inc.3,091,754 985,633 31.88
Sun Oil Trading Co.1627,633 32,260 5.14
Sun Note Co. 25,854,099 25,693,399 99.38
North Sea Sun Oil Co.7,681,288 7,541,569 98.18
73,818,972 54,658,298
1 One of petitioner's exhibits lists this amount as $2,114,469. See p. 17, infra.
Apportioned
Interest to foreign Ratio
1986 expense source income percent
Kee Leasing Co. $213,410 $27,604 12.93
666 Leasing Co. 3,907,731 1,750,664 44.80
670 Leasing Co. 1,468,580 621,944 42.35
650 Leasing Co. 404,732 189,415 46.80
Sun Leasing Co. 4,532,004 1,960,092 43.25
Millcreek Leasing Co.435,448 102,064 23.44
Tropic Sun Shipping644,829 242,814 37.66
Sun Transport, Inc.2,356,829 650,044 27.58
Sunoco Overseas, Inc.211.438 211,438 100.00
Sun Refining & Mktg. Co. 44,588,9734,598,484 10.31
Sun Oil Trading Co.549,406 8,918 1.62
Sun Co., Inc. 157,687,5375,097,677 3.23
Sun Oil Intl. 7,190,703 2,487,983 34.60
North Sea Sun Oil Co.28,050,064 27,208,562 97.00
Claymont Investment Co.217,180,793 47,426 0.02
469,422,47745,205,129
The parties have stipulated that "in most cases"
the interest expense of each member of petitioner's
affiliated group of corporations was apportioned "in
general accordance with the optional gross income method
[sic] of apportionment described in Treas. Reg. �1.861-
8(e)(2)(vi)." The stipulation does not state which of the
optional gross income methods described by sec. 1.861-
8(e)(2)(vi), Income Tax Regs., was used in the case of any
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