Rodolphe Saadé before the commission of inquiry: the tonnage tax, a 5 billion gift offered to CMA CGM
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Rodolphe Saadé, head of the French shipping giant, was questioned in the Senate on Monday about the tonnage tax, a tax rebate of 5.7 billion euros in 2023.
Among the corporate gifts scrutinized by the Senate inquiry committee on the subject, one is for the benefit of a single group: CMA CGM, whose boss, Rodolphe Saadé, who controls the multinational through his family holding company, was questioned on Monday evening.
This aid is called tonnage tax. Rather than paying corporate tax—that is, on profits made like any other business—the shipowner is...
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