GEDA yet to receive application on QC
GEDA administration Karl Pangelinan says while there's heated discussion over qualifying certificates and the Guam Regional Medical City, he says it's a little premature to raise concern considering t
By KUAM NewsGuam - While it wasn't on the Guam Economic Development Authority's meeting agenda, GEDA administration Karl Pangelinan says while there's heated discussion over qualifying certificates and the Guam Regional Medical City, he says it's a little premature to raise concern considering they only submitted a letter of intent and have yet to file a formal application.
"I know there's been a lot of chatter in the community about the unfairness with regards to the medical professions and I just want to state for the record that every single company in the medical space does pay GRT. I believe there's only one QC holding and that's Guam Surgicenter and all they have is corporate income tax rebates up to 10 years and probably some real property tax abatement. That's just it for now," he said.
The Guam Medical Association has expressed concerns with the request calling it unfair "special treatment." GMA president Dr. Thomas Shieh had contended the new hospital will compete with the Guam Memorial Hospital and local health clinics and offices.