News / CMA CGM French rate discount a bid to avoid threat of 'windfall tax'?

© Olrat

Observers have suggested that CMA CGM’s seemingly patriotic gesture last month to lower domestic ocean freight rates was merely a pre-emptive move to offset the possibility of the French government introducing a windfall tax on ‘super‘ profits.

CMA CGM will introduce a €500 reduction per container on all imports for its major retailer customers in France and its overseas territories for a year from 1 August, ’to support the purchasing power of French households against a backdrop of rising inflation’.

But ...