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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
“Collins English Dictionary — Complete & Unabridged†2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Example Sentences

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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."

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

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

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

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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.

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