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Valve incorrectly assumes that people's Steam emails are their personal ones that they share with friends. They're going to be very slow in fixing this problem and even slower in recognizing that it exists and is a problem.
It is understandable at the very least. Why wouldn't you be using a personal address for a video game site? That seems like a pretty safe assumption to me.
I assumed you meant you were using a company account when you said 'Valve assumes you are only using a personal account'. Multiple personal accounts is something completely different. Bill or not...that is still a personal account. The way I see it, the gifting thing is meant for people to trade with their friends. Which used to mean people that you trust. Not a random on the net. But hey, it wouldn't hurt I guess.
Sounds like an excellent workaround. Thanks for sharing!
On the topic of the personal account thing: I generally trust the friends I trade and gift with but I still take every precaution I can to keep my Steam account as secure as possible. These steps include making sure as few people as possible know my account email. The less people see it the less likely it'll be broken into.
Thanks to you all for responding to my post. It had gotten so buried I'd forgotten about it myself.
"Your friend X (email) has given you a gift subscription...[...]" is now, at least since mid-april, just "Your friend X has given you a gift subscription...[...]"