Fight and flight: tax inquiry fuming just a smokescreen

Some small-business owners say the government's planned tax reforms are giving them a headache. (HANDOUT/ATO and Treasury)

Concerns controversial tax changes are being rushed have been hosed down as experts dismiss claims businesses will flee overseas due to the measures.

Under changes proposed by the federal government, the capital gains tax discount of 50 per cent will be replaced with an inflation-indexed model and a 30 per cent minimum rate.