Tax hike for Zomato as it ditches Irish office plan
Indian company was founded in 2008
Zomato, the restaurant review site valued at $1 billion, has rowed back on plans to base its international headquarters in Ireland.
The Indian company, which was founded in 2008, aggregates restaurant information and user-generated reviews.
A spokesperson for Zomato said that its Irish entity “was supposed to be the HQ for our international operations, however, since we are currently re-evaluating our international expansion plan, it is only a holding company”.
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures