Interestingly enough, there are arguably better tax benefits towards capitalizing licensed software (Capex), instead of subscriptions (opex). I have a lot of PE

Interestingly enough, there are arguably better tax benefits towards capitalizing licensed software (Capex), instead of subscriptions (opex). I have a lot of PE clients who actually prefer CAPEX because it can make EBITDA look larger, but like the simplicity of OPEX.