Introduction - Genossenschaftsverband Bayern

paid local and federal corporate taxes amounting to 1,400 million
Euro, among them over 565 million Euro of community trade tax. On
average, a Bavarian Volksbank and Raiffeisenbank paid a trade tax
amount of roughly 305,000 Euro in 2005. All Bavarian Volksbanks and
Raiffeisenbanks together paid 108 million Euro. This is almost equal
to the combined trade tax revenue of the cities of Würzburg and
Schweinfurt totalling 115 million Euro in 2005 (IHK Würzburg-
Schweinfurt (Chamber of Commerce of: Würzburg-Schweinfurt):
Gewerbesteuereinnahmen nochmals gestiegen (Trade tax revenue up
again), Oct. 18 th , 2006). That makes the Bavarian Volksbanks and
Raiffeisenbanks some of the biggest tax payers in the Free State. For
the communities in particular, they are a reliable and sound tax
payers without major fluctuations in tax revenue. This, however, cannot
be said of large German corporations. For instance in 2002, seven
DAX corporations located in Munich did not pay trade tax at all. But
especially communal treasurers require reliable and steady revenues
to be able to execute the needed regular investments into infrastructure,
as roads, kindergartens or schools. They can however rely
on the Bavarian Volksbanks and Raiffeisenbanks.
8 Investor
Between 2000 and 2006, the Bavarian Volksbanks and Raiffeisenbanks
invested a total of 1,200 million Euro into their business locations.
That makes them a potent investor. With their investment into
buildings and real estate amounting to 625 million Euro, they secure
annually about 2,000 jobs in Bavaria. Especially local SMEs benefit
from it. For they are usually the ones receiving the orders of the cooperative
banks.
40 IV Economic contribution