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Why "Rite Aid" Was Right

Lawrence M. Axelrod
Tax Notes
April 17, 2017

In this article, Axelrod responds to critics of the Federal Circuit’s 2001 decision in Rite Aid, which invalidated
a portion of the loss disallowance regulations, and he explains why Congress ratified the result. The author is grateful to Heléna Klumpp and Pat Smith.