Hi,
Well, even now you can use a translation override to change it. I think that's the best solution here.
Really changing the tax rate name would require modifying all the orders using that tax rate. If you have thousands of orders, it's impossible to do without a crash of PHP on hosting with small resource limitations. And we want to avoid a crash where you would have some orders modified and some not. So that's why we disallow it.
And if we would allow you to change it without changing it in the orders, you would also loose your satistics so that wouldn't be a solution either.