News / CMA CGM braces for an even greater financial hit from French windfall tax

© LifeBackground |

French MPs have amended a bill before parliament that would make a temporary windfall tax on the country’s ocean shipping operators permanent.

The tonnage tax regime has also been modified, making it potentially less advantageous, and leaves CMA CGM facing a far greater financial hit than was initially anticipated.

The government, which is well short of an overall majority in France’s lower house, had proposed that the exceptional levy be just that, and only applied in 2025 and 2026 as a fiscal ...