In an attempt to boost the city's flagging post-11
September economy, the mayor of New York City, Michael Bloomberg, has
declared tax-free shopping days for people who shop downtown, where businesses
have been hardest hit. A new study – requested by New York members of
the US Congress – has found that the 11 September attacks cost the city
$83 bn. Mr Bloomberg announced nine days of tax-free shopping over the
next three months. “From Soho to the Lower East Side, from Chinatown
to Battery Park City, I encourage you to spend your money – tax free,”
said Mr Bloomberg.

The first tax-free stretch of three days will start on
Sunday, to be followed by further three-day tax holidays in July and August.

Whatever people – tourists or residents – buy in shops
and restaurants in Lower Manhattan will be free of the 8.25% sales tax,
so long as purchases exceed $500 in value.