“Before the New Millennium, The Bahamas boasted of being a jurisdiction that had no income taxes, corporate or personal, no value-added, inheritance, capital gains, dividend, interest income, or death taxes.
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Promoting resilience does not require remapping global production from scratch. Investing in foreign partners many of whom are already home to US firms and their subsidiaries can maintain efficiency while still promoting diversification. The result would be more stable supply chains and that means lower costs for producers and consumers.