Banks to send IT roles offshore - 1 views
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Jialin C on 10 Dec 10An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax location that provides financial and legal advantages. These advantages typically include: low or no taxation and easy access to deposits. This article discusses how the TSB bank is offering IT roles in India based on the back's outsourcing plans. According to the spokesman, the UK IT jobs would be offshored to support international growth of services; which would result in a dramatic cut to the domestic IT workforce. The primary stakeholders, are the the domestic IT staff and the IT roles that are being established in India and Africa.