Grant Thornton makes Bangalore tax hub, to hire 3000
The world’s fifth largest audit and accounting firm Grant Thornton would hire at least 3,000 people to make Bangalore its tax and IT support hub for its global clients in the next five years. “My individual tax return is done by Indians in Bangalore who are experts in US tax,” said Stephen M Chipman, CEO, Grant Thornton, an indication of how the country’s IT capital could potentially emerge as global tax processing hub. Grant Thornton has established a small 300-seat shared services centre which managing tax returns for its US clients. Chipman said the firm could make Bangalore, and broadly India, the hub for similar work for clients in other geographies.
Read the Economic Times news report here.