When you duplicate a layer in the Layers Palette, you can resize it by using D (Deform Tool) on the keyboard for (or K for the Pick Tool)* and dragging on one corner node to resize down.
Unfortunately it doesn't work the same way as in Xara, holding the Shift key doesn't do the job.
Best to grab a corner node, top right will do, push it inwards to the size you want, it won't be centred, but if you then Cut it and Paste it back. It will by default always be centred.
Easier to do this in Xara, my next most favourite program :-)
Grenou
* D for Deform is ok for most things, but for anything vector, like text, use K.
Later edit:
Just had another thought, although this might not be what you are looking for.
You could use Effects>Reflection Effects> Feedback.
Opacity 100
Intensity 37 (experiment)
Horizontal + Vertical 0.
This would not give you any layers, but it's a good effect.
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