Russia’s finance ministry on Tuesday proposed introducing extra progressive income tax rates for those earning more than 2.4 million roubles ($27,100) annually, as well as raising the mineral extraction tax for fertiliser and iron ore producers. -snip- The proposed tax amendments also include an increase in taxes for fertiliser and iron ore producers. The mineral extraction tax for iron ore producers would increase by 1.15 times, for potash producers by 2.3 times and it would double for phosphorus fertiliser producers.