This is going to be irksome to people who settle abroad and later expatriate because they get tired of paying accountants' and lawyers' fees to comply with U.S. as well as, say, U.K. law, says Davies.

FORBES: Congress makes another grab at expats' money.

You know, if all we're doing is spending and we're not making things, then over time other countries are going to get tired of lending us money and eventually the party is going to be over.

WHITEHOUSE: Presidential Press Conference

The election deadlock has meant that Beppe Grillo, a former comedian and political revolutionary who led his grass-roots Five-Star Movement to third-place in the elections by promising to get rid of Italy's tired politicians and traditional political parties, would be the key to power if he were to support one of the traditional parties.

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