Grey Money is a term used to describe money that is not fully transparent or legal. It often refers to income that is not fully declared for tax purposes but is not necessarily derived from illegal activities. While grey money may not be directly illegal, it can still contribute to economic harm and undermine the fairness of the tax system.

Grey Money and Whistleblowing

Whistleblowers may have knowledge of individuals or businesses that are underreporting their income to avoid paying taxes. They can provide information to investigatory bodies, helping to ensure that public funds are recovered.