register_taxonomy – show in admin menu, but not on post type (edit) screen

As per le comment.

function remove_artist_meta() {
    remove_meta_box( '{taxonomy name}', 'post', 'side' );
}

add_action( 'admin_menu' , 'remove_artist_meta' );

The Admin menu has been always difficult to deal with, some help here would be nice: http://core.trac.wordpress.org/ticket/12718

But I think that this could be added a a parameter to register_taxonomy.
http://core.trac.wordpress.org/ticket/21543