While shareholders in passive Cayman Island corporations generally have to report their share of the corporation's net income, deductions otherwise denied by the Buffett rule are allowed in computing the corporation's net income.
"Joe believes that the cloud will exist outside the corporate environment, and that the architectures and styles of computing inside the corporation will increasingly be influenced by what is happening in the cloud outside the corporation," Mr. Maritz said.
The company, which has several offices across Los Angeles, is in stiff competition with most of the country's other major tech players as they race to provide business software and computing infrastructure to corporations.
To process very large-scale data arrays processing large corporations use computing clusters, including several thousand servers and specialized software solutions (the MapReduce model) for the distribution of tasks between the nodes and parallel execution.
The FutureLink Corporation, which performs computing services for businesses through the Internet, agreed yesterday to buy Madison Technology Group for $57.5 million in cash, stock and debt securities to expand into the northeastern United States.
Cloud computing, which involves accessing computing systems via computers and phones, is rapidly becoming a standard for corporations.
For years, the company has been a close partner with H.P., which sells computing systems and services to corporations.
Even if I.B.M. succeeds in its bid to make cloud computing more palatable for big corporations, there is no guarantee that it will be the main beneficiary of the trend.
The corporate income tax is a levy that is imposed on the net profits of corporations, computed as the excess of receipts over allowable costs.
Not that sociopathic corporations compute the logic of moral arguments, of course.
The giant company provides a gauge of business investment trends because it is the largest supplier of computing technology — hardware, software and services — to corporations.
