Panama Papers show holes-Padoan

(see related) (ANSA) - Rome, April 13 - Economy Minister Pier Carlo Padoan has said Italy has a good record on combatting tax havens but admitted that the Panama Papers showed there was still much to be done on the international arena. "Italy is at the cutting edge in the fight against tax havens," Padoan said in an interview published in Wednesday's Il Sole 24 Ore newspaper. "At the same time, the Panama Papers show there are still many black holes in the fight against international (tax) evasion, above all in terms of the location of company structures". He also announced "formal and informal initiatives at international seats" and called for the reinforcement of the "existing international cooperation".