# Left Bloc Proposes Housing Fund Restrictions and Digital Tax The party introduces 350 amendments to the 2027 State Budget targeting real estate and tech. - **Source:** [Público](https://www.publico.pt) - **Published:** 2026-11-10 - **Topic:** [politics](https://brifing.si/c/politics) - **Original article:** - **On Brifing:** https://brifing.si/s/55da1dea-01a2-4bba-93f0-da87abc65f57 ## Legislative Budget Proposals The Left Bloc has formally submitted 350 proposed amendments to the 2027 State Budget. These measures aim to reshape fiscal policy by targeting specific sectors, including real estate investment and digital service providers. The proposals reflect the party's broader economic agenda regarding wealth distribution and the regulation of international capital flows. ## Housing Market Restrictions A primary focus of the proposal is limiting residential property acquisitions by investment funds based in low-tax jurisdictions. By restricting these entities, the party intends to curb speculative pressure on the housing market. This move seeks to prioritize domestic access to housing over international capital seeking tax-advantaged real estate assets. ## Digital Services Taxation The party is advocating for a 3% tax on revenues generated by digital giants. This levy specifically targets three core services: online advertising, intermediation platforms, and the sale of user data. This policy aims to capture tax revenue from global tech corporations operating within the national market without a physical presence. ## Unemployment Benefit Reversal Beyond fiscal and digital taxes, the amendments include a push to reverse previous cuts to unemployment benefits. The party argues that restoring these financial protections is essential for social stability during the 2027 fiscal year. This proposal highlights the party's commitment to maintaining existing social safety nets for the unemployed population. ## Targeting Offshore Capital The proposed restrictions on funds located in favorable tax territories address concerns about offshore capital influence. By creating barriers for these specific entities, the Left Bloc aims to stabilize property prices. This strategy reflects a growing trend of political intervention in real estate markets to prevent excessive foreign investment dominance. ## Scope of Digital Levy The 3% tax on digital services is designed to modernize the tax base by focusing on intangible assets. By taxing data sales and online advertising, the government would tap into revenue streams previously difficult to capture. This mechanism aligns with international discussions regarding the fair taxation of multinational digital platform operations. ## Economic Policy Implications These 350 amendments represent a comprehensive attempt to shift the state's economic trajectory. By combining housing market regulation with digital taxation and social spending, the party seeks a multi-pronged approach to fiscal reform. The success of these proposals depends on parliamentary negotiations during the upcoming 2027 budget approval process. ## Political Strategy Context The Left Bloc's initiative highlights the tension between attracting foreign investment and protecting domestic social interests. As the 2027 budget debate progresses, these proposals will likely serve as a benchmark for the party's priorities. The outcome will determine the extent of state intervention in both the digital economy and housing. ## Sources covering this story - https://www.publico.pt/2026/11/10/politica/noticia/be-quer-limitar-compras-casas-fundos-criar-imposto-gigantes-digitais-2194501 — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._