black economy

noun

1. that portion of the income of a nation that remains illegally undeclared either as a result of payment in kind or as a means of tax avoidance

Example Sentences

However, the 17-page document reveals a series of previously unreported leaks by other partners, many who remain unnamed, from government consultations on topics including the taxation of digital currencies and the "black economy."

From Reuters

The Chinese had “considerable financial resources in cash, thanks to the black economy and other criminal activities”, but faced logistical and legal hurdles in getting the money safely back home, police said.

From Reuters

Invisible, he worked odd jobs in Tehran’s sprawling subterranean black economy.

From The Guardian

Integration undermined the financial foundation of Black Wall Street’s largely insular black economy.

From The Guardian

And I dismissed the Nation of Islam’s demand for a separate black economy in America, which I had also heard before, as willful, and even mischievous, nonsense.

From Literature