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. Last Updated: 07/27/2016

Tax Chief Gives Tips on Minimizing Taxes

One of the authors of a new textbook that encourages budding lawyers to be aggressive in minimizing taxes for corporate clients is none other than the head of the Federal Tax Service, Anatoly Serdyukov, Vedomosti reported on Thursday.

The book, entitled "Tax and Taxation," urges the use of tax minimization schemes and is critical of the government for shutting down several tax havens in December 2003.

One section in the 752-page book says the goal of tax planning is to "pay the minimum of what is required."

The book, which is recommended by the Education and Science Ministry for use in university classrooms, goes on sale after the much-publicized demise of Yukos due to huge back tax claims.

Last year, tax authorities fined oil major Yukos $27.5 billion, in part because it had reduced its tax bills by setting up subsidiaries in low-tax regions.

Those tax professionals who are too coy about using tax optimization schemes "will find themselves in a weaker position compared with other market participants," the book says.

The textbook's cover includes the names of three authors, led by Serdyukov.

It was not clear which parts of the book, if any, were written or overseen by Serdyukov. The book was published this year in St. Petersburg.