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Yes. The basic assumption from Steam, no matter the subject, is that you're trying to screw them. Thus, if you gift something from a cheaper store to a more expensive one, Steam assumes you're not actually gifting but you're helping your friend screw Steam.
believe me when i am saying that i have seen Steam inventories with 5000+ steam gifts. some are still living of these stocks.
conversion tax? no.
taxation on this is not clear and highly complicated and has nothing to do with any conversion. just paying the difference or target price is not even legal.
the smaller stores you buy from probably give a giant turd on proper taxation and then something like this might happen.
You don't really think they changed gifting without have a good idea of the financial repercussions do you?
They didn't change it back, so your assertion that they are "screwing themselves" is obviously not true.
Its why i buy off resellers as they mark down slightly below retail here..