Big Breaks for Companies, Few Benefits for Citizens Khadija Sharife corruption capital flight taxes underpricing mispricing The article shows that South Africa’s Diamond Export Levy Act offers companies trading in diamonds generous tax breaks if they sell stones locally, in a bid to build a home grown industry for cutting and polishing stones. But most diamonds sold on the South African market to gain this tax break appear to be exported abroad, still uncut – the opposite of what the exemption was designed to achieve. Washington 100Reporters 2014. 2014. Text 1p http://iffoadatabase.trustafrica.org/iff/big_breaks_for_companies,_few_benefits_for_citizens.docx