Aha! This explains something that has been bothering me. After months of 14% taxes the peasants in my region on BT suddenly decided they hated it and dropped my stats through the floor for no reason I could explain... Until now. It's a good idea.
That only explains it if you've also been getting Too Much Peace messages...
There was, around the same time, a fix to a bug that's existed for as long as I've been in the game, that made certain large realms no longer be able to run such high tax rates.