I don't think so, no, because its not a status move. And Taunt does stop Taunt.
EDIT: I was just reading about status ailments and taunt, being a status move, would be bounced back, I think.
Try this, from smogon.
* All moves that induce status as their only effect (including Yawn), except Teeter Dance
* All moves that do no damage but alter the target's stats (including Flatter and Swagger), except Defog and Memento
* Gastro Acid
* Leech Seed
* Mean Look
* Spider Web
* Worry Seed