Under the Table

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Under the Table

Describing a payment in which no involved party reports the payment to tax authorities. An under the table payment usually occurs when one party or both wishes to hide income and thereby evade paying taxes on it. Under the table payments are illegal.
References in periodicals archive ?
Particular focus is placed on China's burgeoning "grey market"--the under-the-table cash economy not so easily tracked by common economic indicators.
Candidate Rachel Maclean said: "Hardworking residents already pay council tax for services and shouldn't be hit with an under-the-table charge like this one.
We are aware of an under-the-table deal whereby someone else was trying to buy the building from the (previous) owner during the court case.
had been convicted in May by the Court of First Instance of striking an under-the-table deal with A.
So in many ways, this is a very familiar position for Prince Bandar, and it's amazing to see the extent to which veterans of the CIA were excited to see him come back because, in the words of a diplomat who knows Bandar, he brings the Arabic term wasta, which means under-the-table clout.
That crisis was ended with an under-the-table agreement, but any chance for such a solution today -- this week's G-20 meeting -- appears to have gone unused, with both Putin and Obama sticking to their guns.
About 40 percent of the country's workforce have under-the-table jobs and do not pay taxes, which is why the fuel tax is an important source of revenue that Turkey cannot easily afford to alter.
All this under-the-table activity comes at a time when US President Barack Obama is claiming that the US has withdrawn from Iraq and does not want to get involved in Syria.
He accused President, Rosen Plevneliev, of creating the impression that once again senior politicians will make under-the-table bargains as not even one representative of the people demonstrating in protest for weeks now has been invited to attend.
The City voted to set fines upto $25,000 for landlords who illegally convert residential units into under-the-table hotels.
Corruption also aggravates environmental problems, through the illegal dumping of hazardous waste and the illegal trade in animal and plant life facilitated by bribery and under-the-table incentives that determine who is awarded contracts, especially for highly lucrative, large-scale infrastructure projects.
The underground economy refers to under-the-table transactions by non-licensed builders whose projects don't always meet the same stringent requirements of a licensed builder.