Danger, no work in progress for some Benelux builders in lockdown

By Francois Lenoir and Johanna Geron

BRUSSELS/LUXEMBOURG, April 21 (Reuters) – Builders across the Benelux countries are juggling different coronavirus lockdown rules as well as a construction slowdown as they try to keep their businesses going.

While construction has carried on largely as normal in the Netherlands, Belgian builders say work has almost ground to a standstill, while in neighbouring Luxembourg, construction workers returned to work this week after a complete shutdown.

“Civil and large building projects have slowed down by more than 50%,” Florence Bribosia, spokeswoman at BESIX, said of activity in Belgium, adding that the Belgian construction group was still “very active” in the Netherlands.

“There we never had to close or slow down because the measures are completely different which is partially strange because it’s the same business and only a few kilometres away,” Bribosia told Reuters.

Across the Belgian border, Luxembourg on Monday allowed building sites,

Read More

Massachusetts Rep. David Nangle arrested for financial fraud, had gambling debts: FBI, IRS

Massachusetts Rep. David Nangle arrested for financial fraud, had gambling debts: FBI, IRS originally appeared on abcnews.go.com

When he wasn’t conducting state business as the longtime elected representative of communities north of Boston, David Nangle frequented casinos throughout New England, accumulating so much gambling debt that he turned to campaign funds to keep himself financially afloat, according to a 28-count indictment unsealed Tuesday.

Nangle, D-Lowell, was arrested Tuesday by the FBI and the IRS on charges of bank fraud, wire fraud, filing false tax returns and lying to a bank.

“Time after time he allegedly used campaign funds to pay for personal expenses, spending thousands of dollars on golf club fees, gas, gift cards, hotels, restaurants, flowers and rental cars for trips to casinos, some of which he had already been reimbursed for by taxpayers,” said the FBI’s Joe Bonavolonta.

When regulators asked about these expenses, prosecutors said Nangle “fraudulently

Read More

Get These 12 Tax Moves Done To Increase Your Tax Refund

When tax season rolls around, most taxpayers are looking for ways to maximize their refund or limit their overall tax liability. While the goal is never to get a huge tax refund, as this would mean that your withholdings are out of order and you are allowing the government to use your money interest-free, getting a small amount in your return is definitely more ideal than having to pay in at the end of the year. The good news is, there are a few things that can be done before the tax year ends and during the tax return process that can allow taxpayers to get the most out of their tax refund.

Last updated: Feb. 13, 2020

Consider Your Filing Status

Filing status can affect a tax return in a variety of ways. It is the filing status that determines what the standard deduction will be, how filing

Read More

Heineken Pulls Payout, Kering’s Gucci Sales Slump: Earnings Wrap

(Bloomberg) — Consumer-goods companies from brewers to paint-makers sounded notes of caution on spending as the fallout in confidence from the coronavirus pandemic spreads even as lockdowns are lifted.

Heineken NV canceled its interim dividend and said its board will take a pay cut to mitigate the impact, while Kering said it doesn’t see a recovery in the U.S. or Europe before at least June or July after sales at its flagship brand Gucci tumbled. The shares fell nearly 7%. Akzo Nobel NV’s stock rose after earnings topped expectations, but the company said shoppers will need to “have money in their pocket” before shelling out for decorative paints.

In one of the only industries cushioned from the virus, Roche Holding AG advanced after the drugmaker said it still sees a small profit gain this year as demand for its medicines holds up and the company works on developing tests for

Read More