I think the OP may be talking about MSME industries which employ and subcontract to people who rely on cash. The other point is you may have traceable capital,

I think the OP may be talking about MSME industries which employ and subcontract to people who rely on cash. The other point is you may have traceable capital, the other party may deal in cash out of necessity. Think maids, laborers, companies employing them, small time traders/contractors, transport. Sucking out cash disabled a whole bunch of them. Underneath, the formal economy is supported by the informal (read cash transactions) economy most of whom don't earn enough to be taxed. This was the doublespeak they got away with.