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

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