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black economy
noun
- 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."
The Chinese had 鈥渃onsiderable financial resources in cash, thanks to the black economy and other criminal activities鈥, but faced logistical and legal hurdles in getting the money safely back home, police said.
Invisible, he worked odd jobs in Tehran鈥檚 sprawling subterranean black economy.
Integration undermined the financial foundation of Black Wall Street鈥檚 largely insular black economy.
And I dismissed the Nation of Islam鈥檚 demand for a separate black economy in America, which I had also heard before, as willful, and even mischievous, nonsense.
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