Bradley,
Thank you for reaching out and welcome to the Premium support forums. At this time, the [tribe_events] shortcode does not support venues or tags. We wrote an article on Embedding Calendar Views with the [tribe_events] Shortcode, so read through that if you haven’t already.
Our UserVoice Feature Ideas is a great venue to submit ideas you want seen in upcoming feature releases. One last idea is to check out The Events Calendar Shortcode plugin for more options. Please note, it is not developed or maintained by Modern Tribe.
I hope this answer helps clear up any confusion and please let me know if you have any more questions. Cheers!