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Tuesday, September 27, 2005

Taito Real Estate Field

Well if the lefties had any doubt, tonight's TV1 News delivered the coup de grace to this disgraceful apology for a parliamentarian.

A chinese family approached their MP for help and lo and behold, while he was 'just helping them out' (to quote the PM) they happened to sell him their house. It must have been a unique blend of Chinese and Samoan culture.

You guessed it, shortly thereafter the magnanimous Mr Field sold the house for a profit of $140,000. Apart from the appalling immorality of his actions, the question must be asked "Did he declare the profit as taxable income?" because it sure as hell was.

Dead mutton takes many guises.

Posted by Adolf Fiinkensein | 9/27/2005 06:15:00 pm

11 Comments:

Blogger Antarctic Lemur said...

Ouch. Now this is blatant corruption - what will Labour do?

9/27/2005 06:24:00 pm  
Blogger coge said...

Well with this fellow it's a bit like peeling an onion. Still many more layers to uncover. I think Helen will realise this too.
Good on TV1.

As far as tax goes, they will say it was not their (Philip & partners)intention to sell at the time of purchase.

All very dodgy looking to the people of Mangere.

Can't wait for parliamentry quetion time.

9/27/2005 07:19:00 pm  
Blogger waymad said...

Three looong years loom for this sorry bunch. And do I detect a swing in the media from warm Shi-tzu on the lap, to sharp-fanged Rottweiler at the throat mode? Bwahaha!

9/27/2005 07:45:00 pm  
Blogger tincanman said...

Do you think anybody would want to reconsider their ill cast votes for Labour?

9/27/2005 07:58:00 pm  
Blogger JamesP said...

Don't pander to his ego by calling him Taito. As a good Labour comrade he should eschew such a title since it conflicts with their argument for abolishing knighthoods.

9/27/2005 08:07:00 pm  
Anonymous Anonymous said...

So he resigns. So there is a byelection. Labour wins again.

You see, it's not enough. You need enough scalps to bring down the government - or to force a Whitlam maneouver.

You have to be committed to destorying every Labour MP you possibly can. So far, you are not.

9/27/2005 08:38:00 pm  
Blogger Cathy Odgers said...

TightO is an excellent example of a capitalist.

I applaud him for being such an excellent businessman, buy low, sell high, to hell with everything else. Could not have done better myself. The tiling incident was another example of his undoubted capitalist techniques in action.

Of course the people who he bought the house off should not have been so stupid as to have not done their homework on the market value.

Another case of crying homeowners.

But he is a shameful hypocrite being a Labour party member and should be expelled for ripping off his target constituents, but that does not get away from the fact he seems to be an excellent businessman.

9/27/2005 09:02:00 pm  
Blogger colinm said...

Cathy said, "Another case of crying homeowners."
Well maybe so. My guess is that they sold the house cheap for a favour. ie. A freaken bribe.

Colin M.....

9/27/2005 09:22:00 pm  
Blogger Cathy Odgers said...

In their own sweet words:

""We had other people coming to look at the property offering more than $250,000 but to save all the hassle, it was a couple of days away from the mortgagee sale"

save all the hassle - ie. too bloody lazy to do it properly with a lawyer and valuer.

No sympathy as I have seen too many cases in my career with people not seeking legal advice before major transactions.

Too fucking bad.

9/27/2005 10:01:00 pm  
Anonymous Anonymous said...

RadioSocialism, of course, has the party claiming Field ripped them off after 8am today. Field refused to comment.

9/28/2005 07:42:00 am  
Blogger Aaron Bhatnagar said...

As for taxable profit, if Philip Field has done this more than once for properties he did not live in, then he might be "tainted" as a developer, and all profit on any property transactions he has made could be subjected to tax.

9/28/2005 10:37:00 am  

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