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• n  a hidden sector of the economy where private cash transactions go unreported

News & Articles

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• Experts: Spanish untaxed economy is 25 pct of GDP
  MADRID (AP) — Spanish Finance Ministry experts say the country's black economy amounted to 253 billion euros ($344 billion) in 2012, representing a staggering 24.6 percent of the country's gross domestic product.
  Jan. 29, 2014 - Associated Press via Yahoo! News
• Tax experts: Spain's untaxed economy reached almost 25 percent of GDP in 2012
  MADRID — Spanish Finance Ministry experts say the country's black economy amounted to 253 billion euros ($344 billion) in 2012, representing a staggering 24.6 percent of the country's gross domestic product.
  Jan. 29, 2014 - Minneapolis-St. Paul Star Tribune