public void ReadXml(XmlReader reader)
{
    reader.MoveToContent();

    if (reader.ReadToDescendant("TaggingProfileEntry"))
    {
        while (reader.MoveToContent() == XmlNodeType.Element && reader.LocalName.Equals("TaggingProfileEntry"))
        {
            string termSetName = reader.GetAttribute("TermSetName");
            string taxonomyFieldValueCollectionString = reader.GetAttribute("ValueCollectionString");

            if (!string.IsNullOrEmpty(termSetName) && !string.IsNullOrEmpty(taxonomyFieldValueCollectionString))
            {
                TaxonomyFieldValueCollection taxonomyFieldValueCollection = new TaxonomyFieldValueCollection(string.Empty);

                taxonomyFieldValueCollection.PopulateFromLabelGuidPairs(taxonomyFieldValueCollectionString);

                // Populate values with Wss Id's
                foreach (TaxonomyFieldValue taxonomyFieldValue in taxonomyFieldValueCollection)
                {
                    taxonomyFieldValue.PopulateWssId(TERM_STORE_GROUP_NAME, termSetName);
                }

                this[termSetName] = taxonomyFieldValueCollection;
            }

            reader.Read();
        }
    }
}