black economy
   the sum of goods and services provided without tax or official cognizance
   Depressingly black for the tax collector, perhaps, but not normally so for those who pay for governmental voracity and profligacy:
    All public-spirited citizens will want to help the Inland Revenue in its battle against this 'black economy' of untaxed income and benefits. (A. Waugh in Private Eye, March 1981 — the satirist was writing ironically)

How not to say what you mean: A dictionary of euphemisms. . 2014.

Look at other dictionaries:

  • black economy — ➔ economy1 …   Financial and business terms

  • black economy — ► NOUN ▪ the part of a country s economic activity which is not recorded or taxed by its government …   English terms dictionary

  • black economy —    The scale of the hidden economy is unknown, though it is generally recognized to be considerable (Benito 1987). The black economy is particularly important in the service industries, in construction and in certain manufacturing industries like …   Encyclopedia of contemporary Spanish culture

  • black economy — noun a hidden sector of the economy where private cash transactions go unreported no one knows how large the black economy really is • Hypernyms: ↑sector • Part Holonyms: ↑economy, ↑economic system * * * black economy noun Economic activity… …   Useful english dictionary

  • Black Economy — The segment of a country s economic activity that is derived from sources that fall outside of the country’s rules and regulations regarding commerce. The activities can be either legal or illegal depending on what goods and/or services are …   Investment dictionary

  • black economy — That portion of employment within the market economy that is not fully covered by official statistics , due to some degree of under reporting which is assumed to be connected with tax evasion. Unfortunately, economic statistics are imperfect, so… …   Dictionary of sociology

  • black economy — N SING The black economy consists of the buying, selling, and producing of goods or services that goes on without the government being informed, so that people can avoid paying tax on them. [BRIT] ...an attempt to clamp down on the black economy …   English dictionary

  • black economy — Economic activity that is undisclosed, as to disclose it would render the earnings involved liable to taxation or even cause those engaged to be imprisoned (if they are claiming state benefits and have lied about their earnings). The black… …   Big dictionary of business and management

  • black economy — black e conomy n [singular] business activity that takes place secretly, especially in order to avoid tax →↑black market …   Dictionary of contemporary English

  • black economy — /blæk ɪ kɒnəmi/ noun goods and services which are paid for in cash, and therefore not declared for tax. Also called hidden economy, parallel economy, shadow economy …   Dictionary of banking and finance

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