Latest news with #EDIT
Extra.ie
21-07-2025
- Politics
- Extra.ie
Call for end to ‘unfair' inheritance tax laws for childless people
A campaign has been launched to end discrimination against people without children in inheritance tax. Parents can leave up to €400,000 to children before tax kicks in, but the threshold is €40,000 in bequests to anyone else. End Discrimination in Inheritance Tax for Childless Citizens (EDIT) said childless people and members of the LGBTQI community are being unfairly isolated because of laws that have not been updated since same-sex marriage legislation was introduced in 2015. Inheritance Tax: Pic: Getty Images EDIT spokesman James Sexton said: 'If a parent passes a property on to a son or daughter, the inheritance tax threshold kicks in on a building valued at €400,000. However, if a childless couple or single person passes a property on to a niece or nephew, the inheritance tax kicks in at €40,000.' He said existing tax law is blatantly discriminatory against couples who, through no fault of their own, have been unable to have children. Mr Sexton added: 'This is grossly unfair. Me and my wife and others, are facing a situation whereby, when the time comes to pass on the property to a niece and a nephew, because of the €40,000 tax threshold, the respective niece will, in all likelihood, have to sell the property because they won't be able to afford the tax bill. inheritance tax. Pic: Getty Images 'This scenario is resulting in very upsetting situations whereby if a house has been in the family name for 100 years or more, the sale of the property will end the family link with the respective property and association with that particular location.' He added that heterosexual people are not the only ones affected by this 'outdated and unfair' tax measure. The inheritance tax law is thought to affect more than one million people and, in particular, members of the LGBTQI community. Speaking to Gay Community News recently, Mr Sexton said: 'This is unconstitutional, inequitable and discriminatory. This needs to change. Our equal status legislation is meant to prevent discrimination on the grounds of family status.' Independent TD Michael Collins. Pic: Liam McBurney/PA Wire Independent Ireland leader Michael Collins said: 'We've raised this issue in the Dáil numerous times. It's an awful situation. Individuals who inherit a property from a childless uncle or aunt are facing an exorbitant tax bill, with the result that most are left with no option but to sell, and for everyone involved except the taxman, this can be heartbreaking, costly, and ultimately can end the family connection with a location. 'It seems people in Government aren't listening or don't care. We [Independent Ireland] have raised this in the Dáil numerous times, and we aim to introduce a Bill to address this matter in advance of the budget. It's one we're working on already. 'For a working person with no children, or members of the gay community, this affects so many people. There has to be a fair understanding by the Government. This mightn't happen overnight, but the Government needs to do something to address this issue that affects so many people.' EDIT has made two presentations in Leinster House before TDs and senators this year. The organisation has also highlighted the matter with Taoiseach Micheál Martin. A Department of Finance spokesman said: 'The department cannot comment in advance on any tax matters that might be the subject of budget decisions.' The rules governing farm land inheritance tax were recently relaxed to avoid farms being carved up to pay the tax bill. However, the change led to a surge in the price of farmland as people invested in it to avoid inheritance tax bills for their children.
Yahoo
14-05-2025
- Business
- Yahoo
Is Editas Medicine (EDIT) Stock Outpacing Its Medical Peers This Year?
For those looking to find strong Medical stocks, it is prudent to search for companies in the group that are outperforming their peers. Editas Medicine (EDIT) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Medical peers, we might be able to answer that question. Editas Medicine is one of 1001 individual stocks in the Medical sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Editas Medicine is currently sporting a Zacks Rank of #2 (Buy). Within the past quarter, the Zacks Consensus Estimate for EDIT's full-year earnings has moved 7.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. Based on the latest available data, EDIT has gained about 21.3% so far this year. Meanwhile, stocks in the Medical group have lost about 4.2% on average. This means that Editas Medicine is performing better than its sector in terms of year-to-date returns. Another Medical stock, which has outperformed the sector so far this year, is Arbutus Biopharma (ABUS). The stock has returned 2.5% year-to-date. In Arbutus Biopharma's case, the consensus EPS estimate for the current year increased 42.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy). Breaking things down more, Editas Medicine is a member of the Medical - Biomedical and Genetics industry, which includes 508 individual companies and currently sits at #85 in the Zacks Industry Rank. On average, this group has lost an average of 6.4% so far this year, meaning that EDIT is performing better in terms of year-to-date returns. Arbutus Biopharma is also part of the same industry. Investors interested in the Medical sector may want to keep a close eye on Editas Medicine and Arbutus Biopharma as they attempt to continue their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Editas Medicine, Inc. (EDIT) : Free Stock Analysis Report Arbutus Biopharma Corporation (ABUS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Axios
21-02-2025
- Business
- Axios
How a clothing swap became a staple Charlotte shopping event
The EDIT Sale started as a clothing swap between three close friends — Stephanie Bissell, Shelly Landau and Jennifer Shelton. Years later, hundreds of women anticipate the semi-annual event, travel into Charlotte (or Raleigh) and line up around the block to score designer goods at a discount. Why it matters: It wasn't meant to be a business, they tell me. Their story is a reminder that some of your best ideas might be chapters ahead of where you are now. Context: "We were all moms first," Shelly tells me. They didn't expect to have new full-time jobs at this point in life, but their passion for beautiful clothing — paired with consumer demand — led them to this unexpected and fulfilling (and sometimes exhausting) journey. Flashback: I remember going to Jennifer's house to preview one of the earliest sales back in 2019. There were a few racks and a long table topped with accessories. They hand wrote all the tags and invoices. It was one of the first times they opened it up beyond their own social network. Dozens of people showed up to shop. By then, the EDIT girls, as they're called, knew one of the city's best-kept secrets was out of their closets and into someone else's. How it works: The Charlotte sale is twice a year and lasts five days. The EDIT Sale team typically curates 5,000-7,000 pieces of designer clothing and accessories from more than 100 consignors. There are smaller three-day sales in Dallas and Raleigh, too. Behind the scenes: In true startup form, the three original women still take on the lion's share of labor — and there's plenty of it. In the few hours I spent with them to write this story, I saw them sort and tag clothes, break down racks, tour a venue, map out security, direct content creation, negotiate extra parking, and manage influencers and press, among other logistical tasks. Once you understand the dynamic between the three founders, it's clear their magic is part of the business. Shelly oversees content and communications; Jennifer is the stylist, organization and hiring extraordinaire; and Stephanie works behind the scenes, optimizing things like their POS system. Each season, they hire about a dozen helping hands, mostly friends, for things like sorting, pricing and tagging. Zoom in: Some aspects of their growth have been intentional. For example, they've worked hard to keep that getting-ready-with-the-girls vibe. They're also adamant about leaning on a pretty tight network of consignors. They expanded enough to create more size and price diversity, but not so much to dilute EDIT Sale style standards. Other parts of their brand growth have been more organic. For instance, once they realized how much clothing could be going into landfills, sustainability became a core part of their brand identity. What's next: There's no detailed five-year plan for the EDIT Sale. Instead, they'll keep listening to their shoppers and consignors, as they always have. If you go: The spring/summer 2025 sale runs Feb. 26 to March 2 at The Collector's Room (2122 Freedom Dr.). Hours are 10am-8pm Wednesday-Thursday; 10am-6pm Friday-Saturday; and noon to 4pm Sunday.
