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In India, "grey income" is called "black money". It is a hot topic in India right now.

Recent activities on this:

Note ban (Nov 2016) => https://en.wikipedia.org/wiki/Indian_black_money#Ban_on_1000...

Using analytics (today's news) => http://economictimes.indiatimes.com/news/economy/policy/i-t-...

We Chinese call it "black money", too. But it sounds too harsh and directly pointing to crime when talking, esp. publicly. So the color is changed to gray meaning color between clear and black so that no one "overreacts" (when "black money" is normal, everywhere possible and most people deal with it do not end up in jail or are not being investigated"). Just a way people accept the reality.

There is a distinction between corruption money and tax evasion. Hence the usage of gray vs black.

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