Legal and tax laws work off of what country banking or activity is in, never the "nation of association with a network address at the time of request." Ever. I work in international business, no government or business could ever use IP in that way. That's instant jail time. If you allowed tax or other violations and tried to claim you used an IP address, you can't even claim you tried to do the right thing. If you, like Hulu, breach your contracts and refuse to do business because you detect the wrong place or just use it to ignore legal requests, you are in hot water too.
Nothing with tax or legal can ever, will ever, ever has been able to use geo IP. That's clear cut. I'm open to being wrong, but I'm telling you logically it's so far out there it's like trying to argue that you don't have to pay taxes on leap years because the IRS automatically forgives all your debt. It makes no sense, and no entity would ever be so crazy.
LIcensing is a different animal and that's never using geo blocking that we've seen. Whether or not licensing by country is racist is a question on its own, but isn't about geo blocking. Maybe it is, maybe it isn't. But no one uses geo blocking for that. Nor would they, as it would be terrible business. Just throwing money away.
Example: Hulu is racist because they are willing to risk their customers who travel thinking that they are technologically incompetent (which is true, even if you don't travel, their service sucks at a tech level, fails constantly) and possibly out of business and cancel out of confusion rather than just inform them that the content isn't available where they are. Geo blocking isn't about restricting service, it's about hard stopping communications.