(i) whereas aggressive tax planning practices may sometimes arise from the cumulative benefits of double taxation treaties concluded by different Member States, perversely resulting in double non-taxation instead; whereas the proliferation of double tax treaties signed up to by individual Member States with third countries may lead to opportunities for new loopholes; whereas, in line with Action 15 of the OECD/G20 BEPS project, there is a need to develo ...[+++]p a multilateral instrument for amending bilateral tax treaties; whereas the Commission should be mandated to negotiate tax agreements with third countries on behalf of the Union instead of the current practice under which bilateral negotiations are conducted, which produce sub-optimal results; whereas the Commission should ensure that such agreements contain reciprocity provisions and prohibit any adverse impact on Union citizens and businesses, in particular SMEs, resulting from the extraterritorial application of third country legislation within the jurisdiction of the Union and its Member States;

20. Notes with concern that in recent months the value of Chinese share indexes has dropped by a third and there have been hundreds of suspensions of trading owing to excessive falls in share prices; expresses its concern in regard to the current financial crisis that is striking China and especially its stock markets, and recognises that this poses a threat to the global economy given the country’s prominent role in global trade and the global financial system; urges the Chinese authorities to tackle the challenge of transitioning the current economic model to a sustainable economy; notes that the recent plunges on the stock markets ...[+++]in China have brought the government’s control culture face to face with the inherent volatility of the financial markets;

20. Notes with concern that in recent months the value of Chinese share indexes has dropped by a third and there have been hundreds of suspensions of trading owing to excessive falls in share prices; expresses its concern in regard to the current financial crisis that is striking China and especially its stock markets, and recognises that this poses a threat to the global economy given the country’s prominent role in global trade and the global financial system; urges the Chinese authorities to tackle the challenge of transitioning the current economic model to a sustainable economy; notes that the recent plunges on the stock markets ...[+++]in China have brought the government’s control culture face to face with the inherent volatility of the financial markets;

5. When the landing takes place outside the Community and the first sale takes place in a third country, the master of the fishing vessel or his representative shall forward, if possible electronically, a copy of the sales note or any equivalent document containing the same level of information to the competent authority of the flag member State within 48 hours after the first sale.

2. Where the employer is a subcontractor, Member States shall ensure that the main contractor and any intermediate subcontractor, where they knew that the employing subcontractor employed illegally staying third-country nationals, may be liable to make the payments referred to in paragraph 1 in addition to or in place of the employing subcontractor or the contractor of which the employer is a direct subcontractor.

In specific cases, other contractors may be liable to pay financial sanctions in addition to or in place of an employer of illegally staying third-country nationals.