Latest news with #Edit
Irish Times
08-08-2025
- Business
- Irish Times
Independent ministers seek changes to inheritance tax system for adults with no children
Independent Ministers have pushed for changes to the inheritance tax system for the beneficiaries of estates left by people with no children. A campaign group known as Edit (End Discrimination in Inheritance Tax) has been contacting politicians as part of efforts to bring about reforms to the capital acquisitions tax (CAT) regime, which it says is 'grossly unfair'. Independent Ministers of State Michael Healy-Rae and Marian Harkin have raised the issue with Minister for Finance Paschal Donohoe . Their separate interventions are included in records released under the Freedom of Information Act. CAT applies at a rate of 33 per cent on gifts or inheritances above certain tax-free thresholds that depend on the beneficiary's relationship to the person that gives them the gift or inheritance. READ MORE For spouses and civil partners, inheritances are free of tax. Children inheriting from a parent can receive up to €400,000 tax-free. For other relatives a tax-free threshold of €40,000 applies, while non-relatives can receive up to €20,000 tax free. Edit argues the thresholds that apply to the beneficiaries of the estates of childless adults are 'discriminatory'. One option Edit has proposed would be allowing people to inherit a home tax-free and to abolish the thresholds in favour of an across-the-board 10 per cent levy on all other assets. Mr Healy-Rae and Ms Harkin highlighted Edit's campaign in contacts with Mr Donohoe last March. Kerry TD Mr Healy-Rae included correspondence from Edit by saying it is a 'genuine campaign for people who do not have children', who are being 'unfairly' treated by the tax system. He said the information he enclosed 'may be helpful in future budgets'. This week Mr Healy-Rae said 'this is something I am very much pursuing and would like to see changed', though he did not offer specifics on what he would like to see happen. Mr Healy-Rae also said: 'I am acutely aware of the pressures on the upcoming budget', including 'the threat of tariffs to our economy' and issues such as the proposal to cut the VAT rate for the hospitality sector. 'I will continue to push for change on this and while it may not be possible for this upcoming budget it's something I'm focused on for the lifetime of this Government,' he said. In her email to Mr Donohoe, Sligo-Leitrim TD Ms Harkin told the Minister she received representations from a number of constituents on inheritance tax for couples who do not have children. She asked that the issue be reviewed 'with a view to increasing the threshold'. A spokesman for Ms Harkin said she has 'no further comment on the issue'. The Department of Finance said: 'It is a long-standing practice of the Minister for Finance not to comment in advance of the budget on any tax matters which might be the subject of budget decisions.' It noted that inheritance tax was covered in this year's Tax Strategy Papers, in which department officials set out options that inform the budget process. Government backbenchers Aindrias Moynihan and Shay Brennan of Fianna Fáil and Barry Ward of Fine Gael asked Mr Donohoe about CAT in parliamentary questions last month. As part of his answer, Mr Donohoe said: 'There would be a significant cost in making any further substantial changes to CAT' and 'the options available for setting CAT thresholds must be balanced against competing demands'.
Irish Post
13-07-2025
- Business
- Irish Post
Penneys' 'iconic' Limerick store gets €5m overhaul
PENNEY'S 'iconic' O'Connell Street store in Limerick has been given a €5m overhaul as part of a €250m investment programme in stores across Ireland. The revamp of the store, which opened its doors in 1980, follows a similar refurbishment at the company's O'Connell Street branch in Dublin and several other regional locations. The company also plans to extend its Dooradoyle store in Co. Limerick next year, with redevelopments planned in Portlaoise and Ennis in the coming months. Fintan Costello, Head of Penneys Ireland and Northern Ireland, said the renovation of the Limerick O'Connell Street store was 'our way of saying thank you to our customers and colleagues in Limerick for their loyalty over the years'. One fifth of the store's 164 employees have more than 20 years of service, including two colleagues who have worked for Penneys for 45 years. 'Fresh, modern and easier to shop' The refurbishment — which took place at nights with a team of 40 contractors — is the biggest at the store in more than two decades. The newly-revamped store spans 25,000 sq. ft across two shopping floors and includes significant upgrades to key customer areas and the addition of new fashion and interior ranges. The brighter, easier-to-navigate space boasts new flooring and lighting throughout, better signage and branding and 12 new self-checkout tills. The new-look store boasts new fashion and interior ranges as well as modernised facilities (Image: Penneys) There is more space to try things on, with 16 fitting rooms now available and a brand new wheelchair-accessible cubicle. For the first time, customers will find Penneys' Edit collection in womenswear and a brand-new Travel Shop with all the holiday essentials. "The store feels fresh, modern and easier to shop, with new features that reflect what our customers have told us they want," added Mr Costello. "We're so excited for everyone to see the transformation — we think they'll really feel the difference the moment they walk in." 'Deep roots in the community' It is hoped the refurbishment will provide a major boost to Limerick city's shopping experience and local economy. Speaking at the relaunch, Kieran O'Donnell, TD for Limerick City, said: "Penneys' O'Connell Street store has long been one of the most iconic, key and well-loved shopping destinations in Limerick. "This significant investment is a strong commitment to and clear vote of confidence in our city centre and its future. "It's great to see a business with deep roots in the community continuing to evolve, enhancing the shopping experience and providing valuable local employment. "The refurbished store looks fantastic and will be warmly welcomed by shoppers from across Limerick and beyond, bringing more people into our city centre." Michelle Ryan, CEO of Limerick Chamber, also welcomed the refitted store. "Penneys is an anchor for Limerick's retail economy, and this modernisation demonstrates their ongoing commitment to the city," she said. "The investment not only supports jobs but also enhances the vibrancy of the city centre — something that benefits everyone. "We look forward to seeing footfall grow in the city as customers return to enjoy this fresh new store." See More: Limerick, Penneys
Fashion Network
30-06-2025
- Entertainment
- Fashion Network
Zalando launches shoppable beauty format with Insider's Edit
Beauty consumers embrace authenticity and that includes links with experts who really have something to say. So it's interesting that Zalando is partnering with beauty expert Sophie Carbonari for the launch of its new Insider's Edit format. The 'A-list celebrity facialist' is the first to feature in the Insider's Edit – the e-tailer's new 'expert-led beauty series providing consumers with advice and educational content'. Virginie Duigou, head of Beauty Buying, explained: 'Our customers are looking for more than just beauty products, they're seeking guidance, authenticity, and purpose. Sophie brings deep expertise, cultural relevance, and a remarkable ability to educate and inspire. Her perspective strengthens our mission to deliver beauty that reflects modern lifestyles and celebrates diverse identities.' She's a Paris-based skin specialist who offers an insight to her personal skincare routine. And Zalando will continue the Insider's Edit format throughout 2025 featuring European beauty experts and providing professional advice across various categories. The shoppable format features a curated selection of her hero beauty products and a closer look at her minimalist skincare routine. Zalando said Carbonari 'has quietly become one of the most trusted hands in beauty, working behind the scenes with some of the most photographed faces in the world. Celebrated for redefining facial care with her intuitive, skin-first approach, Sophie's Edit shares a relatable skincare routine, with pro insights and techniques combined with products from coveted beauty brands at Zalando'. Carbonari herself said her edit is 'both accessible and results-driven, designed to inspire and guide customers in building a beauty regimen that truly works for them'. The e-tailer cited its recent research that showed 'consumers are entering a new chapter of beauty – one defined by balance, not perfection. From 'energy resets' and 'minimalist routines' with a focus on products that soothe as much as they perform, the emphasis is shifting to how beauty makes people feel, not just how it makes them look'. And it added that Carbonari's philosophy mirrors this: 'Her approach supports restorative beauty as a daily ritual, prioritising internal calm and barrier health. Her curation reflects a growing consumer desire for beauty that's intuitive, multi-functional, and self-affirming — not performative.'
Fashion Network
30-06-2025
- Entertainment
- Fashion Network
Zalando launches shoppable beauty format with Insider's Edit
Beauty consumers embrace authenticity and that includes links with experts who really have something to say. So it's interesting that Zalando is partnering with beauty expert Sophie Carbonari for the launch of its new Insider's Edit format. The 'A-list celebrity facialist' is the first to feature in the Insider's Edit – the e-tailer's new 'expert-led beauty series providing consumers with advice and educational content'. Virginie Duigou, head of Beauty Buying, explained: 'Our customers are looking for more than just beauty products, they're seeking guidance, authenticity, and purpose. Sophie brings deep expertise, cultural relevance, and a remarkable ability to educate and inspire. Her perspective strengthens our mission to deliver beauty that reflects modern lifestyles and celebrates diverse identities.' She's a Paris-based skin specialist who offers an insight to her personal skincare routine. And Zalando will continue the Insider's Edit format throughout 2025 featuring European beauty experts and providing professional advice across various categories. The shoppable format features a curated selection of her hero beauty products and a closer look at her minimalist skincare routine. Zalando said Carbonari 'has quietly become one of the most trusted hands in beauty, working behind the scenes with some of the most photographed faces in the world. Celebrated for redefining facial care with her intuitive, skin-first approach, Sophie's Edit shares a relatable skincare routine, with pro insights and techniques combined with products from coveted beauty brands at Zalando'. Carbonari herself said her edit is 'both accessible and results-driven, designed to inspire and guide customers in building a beauty regimen that truly works for them'. The e-tailer cited its recent research that showed 'consumers are entering a new chapter of beauty – one defined by balance, not perfection. From 'energy resets' and 'minimalist routines' with a focus on products that soothe as much as they perform, the emphasis is shifting to how beauty makes people feel, not just how it makes them look'. And it added that Carbonari's philosophy mirrors this: 'Her approach supports restorative beauty as a daily ritual, prioritising internal calm and barrier health. Her curation reflects a growing consumer desire for beauty that's intuitive, multi-functional, and self-affirming — not performative.'
Fashion Network
30-06-2025
- Entertainment
- Fashion Network
Zalando launches shoppable beauty format with Insider's Edit
Beauty consumers embrace authenticity and that includes links with experts who really have something to say. So it's interesting that Zalando is partnering with beauty expert Sophie Carbonari for the launch of its new Insider's Edit format. The 'A-list celebrity facialist' is the first to feature in the Insider's Edit – the e-tailer's new 'expert-led beauty series providing consumers with advice and educational content'. Virginie Duigou, head of Beauty Buying, explained: 'Our customers are looking for more than just beauty products, they're seeking guidance, authenticity, and purpose. Sophie brings deep expertise, cultural relevance, and a remarkable ability to educate and inspire. Her perspective strengthens our mission to deliver beauty that reflects modern lifestyles and celebrates diverse identities.' She's a Paris-based skin specialist who offers an insight to her personal skincare routine. And Zalando will continue the Insider's Edit format throughout 2025 featuring European beauty experts and providing professional advice across various categories. The shoppable format features a curated selection of her hero beauty products and a closer look at her minimalist skincare routine. Zalando said Carbonari 'has quietly become one of the most trusted hands in beauty, working behind the scenes with some of the most photographed faces in the world. Celebrated for redefining facial care with her intuitive, skin-first approach, Sophie's Edit shares a relatable skincare routine, with pro insights and techniques combined with products from coveted beauty brands at Zalando'. Carbonari herself said her edit is 'both accessible and results-driven, designed to inspire and guide customers in building a beauty regimen that truly works for them'. The e-tailer cited its recent research that showed 'consumers are entering a new chapter of beauty – one defined by balance, not perfection. From 'energy resets' and 'minimalist routines' with a focus on products that soothe as much as they perform, the emphasis is shifting to how beauty makes people feel, not just how it makes them look'. And it added that Carbonari's philosophy mirrors this: 'Her approach supports restorative beauty as a daily ritual, prioritising internal calm and barrier health. Her curation reflects a growing consumer desire for beauty that's intuitive, multi-functional, and self-affirming — not performative.'
