# Tax Incentive Analysis

> Identification, quantification, and capture of tax incentives including R&D credits, economic zone benefits, IP box regimes, investment allowances, employment incentives, and government grants. USE THIS SKILL when the user asks about R&D tax credits, economic zone incentives, free trade zones, special economic zones, tax holidays, investment incentives, IP box or patent box regimes, hiring credits, training credits, accelerated depreciation, super deductions, government grants, or stacking multiple incentives. Quantifies dollar benefits with eligibility gap analysis.

- Skill: `kaakati/tax-incentive-analysis` (Agent Skill)
- Install (CLI): `npx skillmds@latest add kaakati/tax-incentive-analysis`
- Raw SKILL.md: https://api.skillmd.com/api/skills/kaakati/tax-incentive-analysis/raw
- Safety review: pending
- Works with: Claude Code, Claude.ai, OpenAI Codex
- Category: Coding & Dev Tools
- Author: Kaakati (https://skillmd.com/u/kaakati)
- Updated: 2026-09-17
- Page: https://skillmd.com/skills/kaakati/tax-incentive-analysis

---


# Tax Incentive Analysis

## Required Inputs

- **Entity Details**: Legal name, jurisdiction, entity type, industry sector (NAICS/SIC).
- **Business Activities**: Description of activities that may qualify for incentives (R&D, manufacturing, technology, employment).
- **Financial Data**: Revenue, qualifying expenditure by category, headcount, capital investment amounts, and projected growth.
- **Geographic Footprint**: Current and planned locations (country, state/province, city, zone designations).
- **Current Incentives**: Any incentives already claimed, with amounts and remaining terms.
- **Investment Plans**: Planned CapEx, hiring, R&D spending, and facility expansion over the planning horizon.
- **Planning Horizon**: Number of years for NPV analysis (default: 10 years).
- **Discount Rate**: WACC or hurdle rate for NPV calculations.

## Execution Steps

### 1. Tax Incentive Identification Framework

Systematically screen for available incentives across all categories:

| Category | Incentive Type | Jurisdictions Available | Potential Applicability | Priority |
|---|---|---|---|---|
| **R&D Tax Credits** | Federal/national R&D credit | US, UK, Canada, France, Australia, etc. | [High/Med/Low based on R&D spend] | |
| | State/provincial R&D credit | [Specific states/provinces] | | |
| | Refundable vs. non-refundable | [Varies] | | |
| **Investment Allowances** | Accelerated depreciation | [Jurisdictions] | [Based on planned CapEx] | |
| | Investment tax credits | [Jurisdictions] | | |
| | Super deductions (>100% deduction) | [Jurisdictions, e.g., UK 130% super-deduction precedent] | | |
| | Bonus depreciation (e.g., US Section 168(k)) | US | | |
| **Economic Zone Incentives** | Free Trade Zone (FTZ) | US FTZs, Dubai JAFZA, etc. | | |
| | Special Economic Zone (SEZ) | India SEZs, China SEZs, etc. | | |
| | Technology/Innovation Park | Various | | |
| | Enterprise Zone | UK, US state-level | | |
| **IP Box / Patent Box** | Reduced rate on IP income | Netherlands (9%), Ireland (6.25%), UK (10%), Luxembourg (5.2%), etc. | | |
| **Employment Incentives** | Hiring credits | US WOTC, state-level credits | | |
| | Training credits | Various | | |
| | Wage subsidies | Various (especially post-pandemic programs) | | |
| | Payroll tax reductions | [Jurisdictions] | | |
| **Grants** | Government R&D grants | EU Horizon, national innovation agencies | | |
| | Regional development grants | [Jurisdiction-specific] | | |
| | Export incentives | [Jurisdiction-specific] | | |
| **Tax Holidays** | Full CIT holiday | Various developing countries (3-15 years typical) | | |
| | Reduced CIT rate | Pioneer industry status, BOI promotion | | |

### 2. R&D Tax Credit Methodology

#### 2a. Qualifying Activities Assessment

Apply the four-part test (US IRC Section 41 framework; similar principles apply internationally):

| Test | Requirement | Assessment | Qualifying? |
|---|---|---|---|
| **Permitted purpose** | Activity must be intended to develop new or improved business component (product, process, technique, formula, software) | [Describe relevant activities] | Yes/No/Partial |
| **Technological uncertainty** | Capability, method, or design must be uncertain at outset | [Describe uncertainties addressed] | Yes/No/Partial |
| **Process of experimentation** | Systematic process: modeling, simulation, testing to evaluate alternatives | [Describe methodology used] | Yes/No/Partial |
| **Technological in nature** | Relies on principles of physical or biological science, engineering, or computer science | [Describe technical discipline] | Yes/No/Partial |

**Exclusions** (activities that do NOT qualify):
- Research after commercial production begins (routine quality control)
- Adaptation of existing business component for specific customer
- Duplication of existing business component from physical examination
- Surveys, studies, or research in social sciences, arts, or humanities
- Foreign research (for US federal credit; some states allow)
- Funded research (to extent funded by third party)

#### 2b. Qualifying Expenditure Identification

| Cost Category | Total Spend ($M) | Qualifying % | Qualifying Amount ($M) | Basis |
|---|---|---|---|---|
| **Wages** — employees directly performing qualified research | $___M | ___% | $___M | Time allocation studies or project records |
| **Wages** — direct supervision of qualified research | $___M | ___% | $___M | Time records |
| **Wages** — direct support of qualified research | $___M | ___% | $___M | Time records |
| **Supplies** — consumed in qualified research | $___M | ___% | $___M | Material tracking |
| **Contract research** — 65% of amounts paid to third parties | $___M | 65% | $___M | Contract analysis |
| **Cloud computing** (US, from 2024) | $___M | ___% | $___M | Usage allocation |
| **Total Qualified Research Expenditure (QRE)** | | | **$___M** | |

#### 2c. Credit Computation

**US Federal R&D Credit (Section 41) — Regular Credit Method**:

```
Base amount = Fixed-base percentage x Average annual gross receipts (prior 4 years)
Fixed-base percentage = Aggregate QRE 1984-1988 / Aggregate gross receipts 1984-1988
  (Capped at 16%; Start-ups use simplified method: 3% for first 5 years, then ramp)

Credit = 20% x (Current year QRE - Base amount)
  Minimum base amount = 50% of current year QRE

Alternative: Alternative Simplified Credit (ASC)
Credit = 14% x (Current year QRE - 50% of average QRE for prior 3 years)
```

**Computation summary**:

| Method | QRE ($M) | Base ($M) | Incremental ($M) | Rate | Gross Credit ($M) |
|---|---|---|---|---|---|
| Regular credit | $___M | $___M | $___M | 20% | $___M |
| ASC (alternative) | $___M | $___M | $___M | 14% | $___M |
| **Selected method** | | | | | **$___M** |

**After-tax value**:
```
Net benefit = Gross credit - (Gross credit x Haircut for Section 280C reduction if elected)
  OR
Net benefit = Gross credit (if reduced R&D deduction by credit amount per Section 280C(c)(1))
```

**International R&D credit comparison**:

| Jurisdiction | Credit Type | Rate | Refundable? | SME Enhancement? | Cap |
|---|---|---|---|---|---|
| United States | Incremental | 20% (regular) / 14% (ASC) | No (but payroll tax offset for startups up to $500K) | No | None |
| United Kingdom | Expenditure credit (RDEC) / Enhanced SME | 20% RDEC / 27% SME (from April 2024) | Yes (SME); partially (RDEC) | Yes — higher rate | None |
| Canada (SR&ED) | Volume-based | 15% federal (35% for CCPCs on first $3M) | Yes (CCPC) | Yes | $3M enhanced rate |
| France (CIR) | Volume-based | 30% (first EUR 100M) / 5% (excess) | Yes | No | EUR 100M at 30% |
| Australia | Volume-based | 43.5% (refundable for <$20M revenue) / 38.5% (non-refundable) | Conditional | Yes | $150M R&D cap |
| Ireland | Volume-based | 30% (from 2024) | Yes (in 3 installments) | No | None |

### 3. Economic Zone Analysis Framework

| Factor | Zone A: [Name] | Zone B: [Name] | Zone C: [Name] |
|---|---|---|---|
| **Zone type** | FTZ / SEZ / Tech Park / Enterprise Zone | | |
| **Jurisdiction** | [Country, state/region] | | |
| **CIT rate in zone** | ___% (vs. ___% standard) | | |
| **CIT holiday duration** | ___ years | | |
| **Customs duty benefits** | Duty deferral / exemption / reduced rate | | |
| **VAT/GST benefits** | Exempt / zero-rated / deferral | | |
| **Withholding tax benefits** | Reduced WHT on outbound payments | | |
| **Employment incentives** | [Description] | | |
| **Infrastructure provided** | [Description] | | |
| **Minimum investment required** | $___M | | |
| **Minimum employment required** | ___ jobs | | |
| **Qualifying activities** | [Manufacturing, services, R&D, trading] | | |
| **Clawback provisions** | [Description of conditions that trigger clawback] | | |
| **Substance requirements** | [Local employees, management, expenditure] | | |
| **Application process** | [Timeline and complexity] | | |
| **Remaining availability** | [Open / Limited slots / Closed to new entrants] | | |

### 4. IP Box / Patent Box Regime Comparison

| Factor | Netherlands (Innovation Box) | Ireland (KDB) | UK (Patent Box) | Luxembourg (IP Regime) | Switzerland (Patent Box) |
|---|---|---|---|---|---|
| Effective tax rate | 9% | 6.25% | 10% | 5.2% | Varies by canton (~9-11%) |
| Qualifying IP | Patents, software, exclusive licenses, plant variety rights | Patents, copyrighted software, supplementary protection certificates | Patents, supplementary protection certificates, regulatory data protection | Patents, copyrighted software, utility models, trademarks (grandfathered) | Patents, comparable rights |
| Nexus approach applied? | Yes (modified nexus per BEPS Action 5) | Yes | Yes | Yes | Yes |
| Nexus fraction formula | Qualifying R&D expenditure / Total R&D expenditure (with 30% uplift) | Same formula | Same formula | Same formula | Same formula |
| Grandfathered regimes? | No | No | No | Trademarks (pre-2016) | No |
| Tracking & tracing | Per IP asset or product family | Per qualifying asset | Election per patent/product | Per IP asset | Per IP asset |
| Election / opt-in | Annual election | Annual election | Irrevocable 5-year election | Automatic if qualifying | Annual election |
| Interaction with R&D credit | Cannot stack with R&D super-deduction on same expenditure | Separate incentives | Can stack (R&D credit on costs, patent box on income) | Separate incentives | Separate incentives |

**Nexus fraction calculation**:
```
Nexus Fraction = (Qualifying expenditure + 30% uplift) / Total expenditure
  - Qualifying expenditure: R&D performed in-house or outsourced to unrelated parties
  - Excluded from numerator: Acquisition cost of IP, outsourced R&D to related parties
  - 30% uplift: Added to numerator (capped at total expenditure in denominator)
```

### 5. Investment Incentive Comparison

| Incentive | Jurisdiction | Mechanism | Benefit Rate | Qualifying Assets | Dollar Benefit ($M) |
|---|---|---|---|---|---|
| Bonus depreciation (Sec 168(k)) | US | 100% first-year deduction (phasing down) | NPV of timing benefit: ~___% of asset cost | Qualified property (most tangible + some intangible) | $___M |
| Section 179 expensing | US | Immediate deduction up to $1.22M (2024) | 100% up to cap | Tangible personal property, software, QIP | $___M |
| Accelerated Investment Incentive | Canada | Immediate write-off or accelerated CCA | Varies by class | Manufacturing equipment, clean energy | $___M |
| Annual Investment Allowance | UK | 100% deduction up to GBP 1M | 100% up to cap | Plant and machinery | $___M |
| Full expensing | UK | 100% first-year deduction (permanent from 2024) | 100% | Main rate plant and machinery | $___M |
| Investment tax credits (ITC) | Various US states | Direct credit against tax liability | 2-10% of investment | Manufacturing equipment, buildings | $___M |
| Super deduction | [Jurisdiction] | Deduction > 100% of cost | ___% | [Qualifying assets] | $___M |

### 6. Employment Incentive Mapping

| Incentive | Jurisdiction | Qualifying Criteria | Benefit per Employee/Year | Maximum Benefit | Duration |
|---|---|---|---|---|---|
| Work Opportunity Tax Credit (WOTC) | US Federal | Hire from targeted groups (veterans, SNAP recipients, ex-felons, etc.) | $2,400 - $9,600 per hire | Per-employee cap | First year of employment |
| Employee Retention Credit | [If available] | [Criteria] | [Amount] | [Cap] | [Duration] |
| State hiring credits | US States | Varies (new jobs in target zones, industries) | $500 - $5,000 per job | Varies | 3-10 years typical |
| Apprenticeship levy offset | UK | Hiring apprentices | Levy funds for training | 0.5% of payroll >GBP 3M | Ongoing |
| Employment allowance | UK | Reduction in employer NICs | Up to GBP 5,000/year | GBP 5,000 | Annual |
| Training credits | Various | Employee training and development expenditure | 25-50% of qualifying costs | Varies | Varies |
| [Additional jurisdiction] | | | | | |

### 7. Grant Program Identification and Readiness Assessment

| Grant Program | Jurisdiction / Agency | Focus Area | Typical Award | Match Required? | Application Deadline | Readiness Score (1-5) |
|---|---|---|---|---|---|---|
| [e.g., EU Horizon Europe] | EU Commission | R&D, innovation | EUR 1-10M | Yes — typically 30-50% co-funding | Rolling / specific calls | [Score] |
| [e.g., US CHIPS Act] | US Department of Commerce | Semiconductor manufacturing | $10M-$1B+ | Yes — matching investment required | Specific windows | [Score] |
| [State/regional grant] | [Agency] | [Focus] | $___M | Yes/No | [Deadline] | [Score] |

**Readiness assessment criteria** (score 1-5 per factor):

| Factor | Score | Notes |
|---|---|---|
| Activity alignment with grant objectives | _/5 | [Gap description] |
| Financial capacity for matching funds | _/5 | |
| Track record / past awards | _/5 | |
| Application documentation readiness | _/5 | |
| Timeline alignment | _/5 | |
| **Overall readiness** | **_/5** | [Ready to apply / Needs preparation / Not suitable] |

### 8. Stacking Analysis

Evaluate the interaction between multiple incentives to avoid double-dipping and maximize total benefit:

| Incentive A | Incentive B | Compatible? | Stacking Rule | Adjustment Required |
|---|---|---|---|---|
| Federal R&D credit | State R&D credit | Generally yes | State credit may reduce federal deduction or vice versa (Section 280C) | Reduce qualifying expense base if required |
| R&D credit | IP box regime | Depends on jurisdiction | Some jurisdictions prevent stacking (e.g., NL); others allow (e.g., UK) | Check specific jurisdiction rules |
| Economic zone CIT holiday | R&D credit | Depends | If CIT is zero, no tax to offset with credit; check if credit is refundable or can carry forward | May defer credit utilization |
| Investment tax credit | Accelerated depreciation | Generally yes | Basis adjustment may be required (reduce depreciable basis by 50% of ITC in some cases) | Adjust depreciable basis |
| Hiring credits | Payroll tax reductions | Usually yes | Different tax types; generally no interaction | Verify no same-cost double-dip |
| Government grant | R&D credit | Usually requires adjustment | Grant-funded expenditure typically excluded from R&D credit qualifying expenditure | Reduce QRE by grant amount |

**Stacking matrix** (total combined benefit):

| Scenario | Incentive 1 | Incentive 2 | Incentive 3 | Gross Benefit | Double-Dip Adjustment | Net Combined Benefit |
|---|---|---|---|---|---|---|
| Maximum stack | $___M | $___M | $___M | $___M | ($___M) | $___M |
| Conservative stack | $___M | $___M | — | $___M | ($___M) | $___M |
| Single incentive only | $___M | — | — | $___M | $0 | $___M |

### 9. Dollar Benefit Quantification

Calculate the NPV of all identified incentives over the planning horizon:

| Incentive | Year 1 ($M) | Year 2 ($M) | Year 3 ($M) | Year 5 ($M) | Year 10 ($M) | Total Undiscounted ($M) | NPV ($M) at ___% |
|---|---|---|---|---|---|---|---|
| R&D tax credit | | | | | | | |
| IP box benefit | | | | | | | |
| Economic zone CIT saving | | | | | | | |
| Investment allowance timing | | | | | | | |
| Employment credits | | | | | | | |
| Grants | | | | | | | |
| **Total (after stacking adj.)** | **$___M** | **$___M** | **$___M** | **$___M** | **$___M** | **$___M** | **$___M** |

**NPV methodology**:
```
NPV = Sum of [Annual Benefit_t / (1 + r)^t] for t = 1 to N

Where:
  r = Discount rate (WACC or hurdle rate)
  N = Planning horizon (years)
  Annual Benefit_t = Cash tax savings in year t (after stacking adjustments)
```

**Sensitivity analysis**:

| Variable | Base Case | Downside (-20%) | Upside (+20%) |
|---|---|---|---|
| R&D spend level | $___M QRE | $___M QRE | $___M QRE |
| Headcount growth | ___ new hires/year | ___ new hires/year | ___ new hires/year |
| Capital investment | $___M CapEx | $___M CapEx | $___M CapEx |
| **Total NPV of incentives** | **$___M** | **$___M** | **$___M** |

### 10. Eligibility Requirements and Gap Analysis

For each identified incentive, map requirements against current status:

| Incentive | Requirement | Current Status | Gap | Remediation Action | Cost to Remediate | Timeline |
|---|---|---|---|---|---|---|
| R&D tax credit | Four-part test documentation | [Met / Partial / Not met] | [Description] | [Action] | $___K | ___ weeks |
| R&D tax credit | Contemporaneous time tracking | [Met / Partial / Not met] | [Description] | [Action] | $___K | ___ weeks |
| IP box | Nexus fraction tracking system | [Met / Partial / Not met] | [Description] | [Action] | $___K | ___ weeks |
| Economic zone | Physical presence in zone | [Met / Partial / Not met] | [Description] | [Action] | $___K | ___ weeks |
| Economic zone | Minimum investment threshold | [Met / Partial / Not met] | [Description] | [Action] | $___K | ___ weeks |
| Hiring credit | Certification of qualifying employees | [Met / Partial / Not met] | [Description] | [Action] | $___K | ___ weeks |
| Grant | Application materials prepared | [Met / Partial / Not met] | [Description] | [Action] | $___K | ___ weeks |

### 11. Compliance and Documentation Requirements

| Incentive | Documentation Required | Filing Mechanism | Retention Period | Audit Frequency |
|---|---|---|---|---|
| R&D tax credit | Project descriptions, time records, expense allocation, four-part test analysis per project | Tax return (e.g., US Form 6765) + supporting workpapers | 7+ years | High — IRS/HMRC frequently audits R&D claims |
| IP box | IP asset register, nexus fraction calculation, income tracking per qualifying IP | Tax return election + workpapers | Duration of IP box claim + statute of limitations | Medium |
| Economic zone | Zone registration certificate, investment records, employment records, activity logs | Zone authority reporting + tax return | Duration of zone benefit + 5 years | Medium — zone authority periodic reviews |
| Investment allowance | Asset registers, invoices, commissioning dates, qualifying asset classification | Tax return + depreciation schedules | Asset life + statute of limitations | Low-Medium |
| Employment credits | Hiring certifications (e.g., WOTC Form 8850), payroll records, employee documentation | Tax return (e.g., Form 5884) + certifications | 7+ years | Low-Medium |
| Grants | Application, award letter, milestone reports, expenditure reports, audit certificates | Per grant agreement (quarterly/annual reporting) | Per grant terms (typically 7-10 years post-completion) | High — grant-specific audits common |

### 12. Clawback Risk Assessment and Ongoing Compliance

| Incentive | Clawback Trigger | Clawback Amount | Likelihood | Monitoring Action |
|---|---|---|---|---|
| Economic zone CIT holiday | Fail to maintain minimum investment or employment | Pro-rata repayment of tax savings | [Low/Med/High] | Annual compliance certificate; quarterly headcount monitoring |
| Investment credits | Dispose of qualifying asset before holding period ends | Recapture of credit (pro-rata or full) | [Low/Med/High] | Asset disposition tracking; approval workflow for asset sales |
| Grants | Fail to meet milestones; misuse of funds; relocation | Full or partial repayment + interest | [Low/Med/High] | Milestone tracking; expenditure monitoring; reporting calendar |
| Tax holiday | Change in qualifying activities; breach of conditions | Loss of holiday status prospectively | [Low/Med/High] | Annual activity review; regulatory monitoring |
| Hiring credits | Terminate qualifying employee before minimum retention period | Loss of credit for that employee | [Low/Med/High] | Retention tracking; HR integration |

**Ongoing compliance monitoring schedule**:

| Activity | Frequency | Owner | System/Tool |
|---|---|---|---|
| R&D project tracking and time capture | Continuous | R&D team + tax | Time tracking system |
| Nexus fraction data collection (IP box) | Quarterly | Tax + R&D | R&D expenditure tracking |
| Zone compliance reporting | Quarterly/Annual | Operations + tax | Zone authority portal |
| Asset register maintenance | Monthly | Finance | Fixed asset system |
| Employee eligibility certification | At hire | HR + tax | HRIS integration |
| Grant milestone reporting | Per agreement | Project manager + finance | Grant management system |
| Incentive benefit reconciliation | Annual | Tax | Tax provision workpapers |
| Regulatory change monitoring | Quarterly | Tax | Legislative tracking service |

## Output Template

```markdown
## Tax Incentive Analysis: [Client / Entity Name]

**Date**: [Date] | **Prepared by**: Tax Advisory Practice
**Planning horizon**: [N] years | **Discount rate**: [X]%
**Jurisdictions analyzed**: [List]

> This analysis provides a strategic framework for tax planning. It does not
> constitute tax advice or a legal opinion. Implementation requires review by
> qualified tax counsel in each relevant jurisdiction. Tax laws change
> frequently; all analysis is based on current rules as of the date provided.

---

### Executive Summary

**Total identified incentive value (NPV)**: $[X]M over [N] years

| Incentive | Annual Benefit ($M) | NPV ($M) | Confidence | Priority |
|---|---|---|---|---|
| [Incentive 1] | $___M | $___M | High/Med/Low | 1 |
| [Incentive 2] | $___M | $___M | High/Med/Low | 2 |
| [Incentive 3] | $___M | $___M | High/Med/Low | 3 |
| **Total (after stacking adjustments)** | **$___M** | **$___M** | | |

### 1. R&D Tax Credit Analysis

**Qualifying activities identified**: [List with four-part test assessment]
**Total QRE**: $___M | **Credit rate**: ___% | **Annual credit**: $___M
**Method**: [Regular / ASC] | **Refundable?**: [Yes/No]

[Detailed computation table]

### 2. Economic Zone / Tax Holiday Analysis

| Zone | CIT Rate | Duration | Annual Saving | NPV | Key Conditions |
|---|---|---|---|---|---|
| [Zone] | ___% | ___ years | $___M | $___M | [Minimum investment, employment] |

### 3. IP Box Benefit Analysis

**Qualifying IP**: [Description]
**Nexus fraction**: ___% | **Effective rate**: ___% (vs. standard ___%)
**Annual benefit**: $___M | **NPV**: $___M

### 4. Investment Incentive Analysis

[Accelerated depreciation / ITC / super deduction analysis with timing benefit]

### 5. Employment Incentive Analysis

| Credit | Qualifying Hires | Benefit per Hire | Total Annual Benefit |
|---|---|---|---|
| [Credit] | ___ | $___ | $___M |

### 6. Grant Opportunities

| Program | Award Potential | Readiness Score | Recommendation |
|---|---|---|---|
| [Grant] | $___M | _/5 | [Apply now / Prepare / Monitor] |

### 7. Stacking Analysis

[Interaction matrix showing which incentives can be combined and adjustments needed]

### 8. Eligibility Gap Analysis

| Incentive | Requirement | Gap | Remediation | Cost | Timeline |
|---|---|---|---|---|---|
| [Incentive] | [Requirement] | [Gap] | [Action] | $___K | ___ weeks |

### 9. Clawback Risk Assessment

| Incentive | Trigger | Exposure | Likelihood | Monitoring |
|---|---|---|---|---|
| [Incentive] | [Trigger] | $___M | [Low/Med/High] | [Action] |

### 10. Implementation Priorities

1. **Immediate** (0-3 months): [Quick wins — incentives already eligible for]
2. **Near-term** (3-6 months): [Actions to close eligibility gaps]
3. **Medium-term** (6-12 months): [New incentive applications, zone registrations]
4. **Ongoing**: [Compliance monitoring and benefit optimization]

### Sensitivity Analysis

| Scenario | Total NPV ($M) | Change vs. Base |
|---|---|---|
| Base case | $___M | — |
| Downside (-20% activity) | $___M | -___% |
| Upside (+20% activity) | $___M | +___% |

### Cross-References
- `tax-structure-advisory` skill for structuring entities to capture zone benefits
- `transfer-pricing` skill for TP implications of incentive-driven structures
- `ip-strategy` skill for IP box eligibility and DEMPE substance
- `financial-modeling` skill for NPV projections
```

## Quality Checks

- [ ] All analysis is clearly labeled as an analytical framework, not legal advice; disclaimer is included.
- [ ] Every applicable incentive category has been screened (R&D, investment, zone, IP box, employment, grants).
- [ ] R&D tax credit analysis includes four-part test assessment for qualifying activities.
- [ ] R&D credit computation shows both regular and alternative simplified credit methods with selected method rationale.
- [ ] International R&D credit comparison table is provided for all relevant jurisdictions.
- [ ] Economic zone analysis includes all qualifying conditions, clawback triggers, and substance requirements.
- [ ] IP box analysis includes nexus fraction calculation per BEPS Action 5 modified nexus approach.
- [ ] Investment incentives quantify the NPV of timing benefit (not just nominal deduction amount).
- [ ] Employment incentives map qualifying criteria with current workforce eligibility.
- [ ] Stacking analysis addresses every pairwise incentive interaction to prevent double-dipping.
- [ ] Dollar benefit is quantified as NPV over the planning horizon, not just nominal amounts.
- [ ] Eligibility gap analysis identifies specific requirements not yet met with remediation actions and costs.
- [ ] Clawback risk assessment covers every incentive with triggers, exposure, and monitoring plan.
- [ ] Compliance and documentation requirements are specified per incentive with retention periods.
- [ ] Sensitivity analysis tests at least downside and upside scenarios on key activity drivers.
- [ ] Cross-references to related skills (tax-structure-advisory, transfer-pricing, ip-strategy) are included.