Basic cohomology of canonical holomorphic foliations on complex moment-angle manifolds

We describe the basic cohomology ring of the canonical holomorphic foliation on a moment-angle manifold, LVMB-manifold or any complex manifold with a maximal holomorphic torus action. Namely, we show that the basic cohomology has a description similar to the cohomology ring of a complete simplicial toric variety due to Danilov and Jurkiewicz. This settles a question of Battaglia and Zaffran, who previously computed the basic Betti numbers for the canonical holomorphic foliation in the case of a shellable fan. Our proof uses an Eilenberg-Moore spectral sequence argument; the key ingredient is the formality of the Cartan model for the torus action on a moment-angle manifold. We develop the concept of transverse equivalence as an important tool for studying smooth and holomorphic foliated manifolds. For an arbitrary complex manifold with a maximal torus action, we show that it is transverse equivalent to a moment-angle manifold and therefore has the same basic cohomology.