The Russian parliament is considering draft Bill No. 74074-8, which provides for an increase in the "social tax deduction" cap. The cap was last increased in 2008 from RUB 100,000 per year to RUB 120,000 per year and applies in relation to deductions for education expenses, medical service expenses, pension contributions paid under an agreement with a non-state pension fund, and additional insurance contributions paid for a funded pension, and certain others. The draft Bill provides for an i…