Gray Money

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Gray Money

Money one derives from tax evasion. For example, gray money includes illicit deductions or funds hidden in an offshore bank. Gray money is similar to, but distinct from, black money, which is the revenue from a criminal enterprise, such as drug dealing.
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References in periodicals archive ?
Earlier, Dr Firdous said the purpose of amnesty scheme was to provide an opportunity to the people for legalization of their black and grey money.
ISLAMABAD -- Special Assistant to the Prime Minister (SAPM) on Information and Broadcasting Dr Firdous Ashiq Awan has said the purpose of amnesty scheme is to provide an opportunity to the people for legalization of their black and grey money. Talking to a private news channel, she said the present government wanted to bring back the money of those hiding their suspicious accounts abroad.
The report, now removed from all Web sites, had mentioned Australia as one of the possible destinations for "grey money" from China.
It is one thing to legislate against grey money. It is another entirely to legislate in favour of confiscation and bank runs.
Nicky Richards' grey Money Trix was also pulled up after a mile with a serious leg injury and we can only hope the old boy will pull through.
And a quarter of all Central London properties are bought with what the developers call "grey money".
That said, the scrabbling for this grey money had started a while ago but I still have a hunch that there is mileage yet in shares that are in tune with this sector.